SIGN UP NOW!
It's FREE!

Create a Profile and Start Networking with HR Professionals
Register Now - It's Free Registration info
 
Member Content
Blogs | Questions | Files | Events | HR Groups | Members


  • Upcoming Events
  • Past Events
  • Public Events

More Virtual Conferences

Upcoming Conference
24 April - 25 April 2014

Rewards and Recognition

Upcoming Conference
29 April - 30 April 2014

Quality of Hire

Upcoming Conference
5 May - 6 May 2014

Performance Management

My Events
View and edit your current events.
Add Event

Click the "add event" button to create a listing for your event

Advertise Here
Event Calendar / Benchmarking a 401(k) Plan
Details & Time Frame
Benchmarking a 401(k) Plan
This presentation will discuss what benchmarking is and the importance of benchmarking qualified plans. Who needs to benchmark and why? It will detail how to benchmark a 401(k) plan. Are there any consequences to fiduciaries if they do not meet ERISA rules? We will discuss benchmarking ties to value and services. What is driving a benchmarking focus? What has changed in fee disclosure legislation, litigation and regulation?

How do go about benchmarking? We will look at the requirements of data collection and the building of the correct comparison group. We will discuss the different providers and how their fees are paid. How does each service provider compare to his or her benchmark? We shall discuss the unique factors in fee disclosure for investment options. We will walkthrough how to build a benchmark report reviewing what you need to look for to make sure you have a statistically viable, defendable documentation of fee disclosure. Then we look at an actual benchmark report uncovering all the nuances that are important for documenting reasonableness as required by 408(b)(2). How do you benchmark for value and services rendered? You will learn how to uncover hidden fees. You will learn how to review investment options’ fees looking for how they are paid, to whom and whether the payment structure is in the best interests of the participant. We will discuss investment disclosure issues that may change how your plan handles fee payments in light of participant fee disclosure under 404(a)(5). Finally we will consider why benchmarking a plan is an insurance policy for potential litigation.
05/10/2012 11:00 am o'clock
05/10/2012 12:00 pm o'clock
Dorann Cafaro
City
-
-
-

Webcast information

Who should participate:

HR, finance or plan fiduciaries that are responsible for the qualified plans or who touch participants in their plans.

What you will learn:

You will learn more about what is driving plan benchmark reports, how to benchmark a plan and why they are important. You will better understand what are the new responsibilities placed on plan fiduciaries, plan sponsors and those who work with company benefit delivery to their employees and how benchmark report can protect you.

Recommended Resources:

Google Fee Disclosure and Benchmarking plans, DOL website for Final 408(b)(2) Regulations, Google litigation over fee reasonableness
View full details
Sponsors
Speakers You must be logged in to view speakers
Approved by HR.com This event has been approved by HR.com.
Attachments

Actions
Invitations

Type last name, first name or company.


Type last name, first name, company or email address

Enter a personal message that will be sent to the recipients above


Link Use the following code to link to this event in your emails or website:
Sitemap   |   Advertise With Us