403(b): The Landscape has Changed - Are You Ready?

Wednesday, Mar. 10, 2010
2 p.m. EST
Web seminar

View recording of this Web seminar

Do you have more than 100 participants in your 403(b) plan? If you answered YES, an audit of your plan must be completed by October 15, 2010. Only 54 percent of entities requiring 403(b) audits are aware of this requirement - and it needs to happen now according to a recent study by TIAA CREF. Are you ready?

Agenda
Join RSM McGladrey and McGladrey & Pullen LLP as we discuss the impact of recent 403(b) plan regulations on how the plan is administered, the challenges of the audit, frequent reporting issues and the expectation of organizations. More specifically you will receive:

An overview of the drastic changes in 403(b) plan regulations, including an organization's fiduciary responsibility and personal liability An understanding of your organization's responsibility in executing the changes A suggested set of internal controls that should be in place to monitor and provide reconciliations An outline of the steps involved in preparing for the audit An outline of what to expect during the audit process An understanding of accounting circumstances that would yield a qualified vs. unqualified audit opinion

Speakers
Rosemarie Panico-Marino, executive managing director and RSM McGladrey's Retirement Resources practice leader, will discuss the organization's responsibilities in executing the 403(b) regulatory changes.

James Moyna, partner with McGladrey & Pullen, will discuss steps organizations need to be taking now to prepare for an audit, as well as the possible outcomes with a qualified opinion or internal control letter.