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Robert A. (Rob) Browning

Of Counsel

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T 816.292.8375
F 816.474.3216

2016 Employee Benefits Seminars

“One Step Ahead of the Regulators: Risk Avoidance Tips for Plan Sponsors”

Sept 15 – EPNEC, St. Louis, MO
Sept 21 – DoubleTree Hotel, Springfield, MO
Sept 28 – Overland Park Convention Center, Overland Park, KS
Oct 20 – The Inverness Hotel, Denver, CO

IRS Curtailment of Determination Letter Program: What Does it Mean for Your Company’s Retirement Plan?

Employers who sponsor qualified retirement plans will soon see radical changes to the IRS determination letter program (the current program for obtaining IRS approval regarding the tax-qualified status of the sponsor’s plan document). Starting January 1, 2017, the IRS will no longer issue periodic determinations regarding the qualified status of “individually designed” retirement plan documents.

The Brave New “Fiduciary” World: Understanding the DOL’s Fiduciary Regulation

Complimentary Webinar

Join us for an in-depth analysis of the Department of Labor’s recently finalized package of rules governing who is a “fiduciary” under ERISA. These new rules will significantly alter the regulatory landscape for employers, employees, retirement plans, investment consultants, brokers, and even IRA holders. In this one-hour webinar we will discuss:

  • Who is a “fiduciary” now?
  • What changes can employers expect from plan providers?
  • How does the new regulatory regime affect employers and other plan fiduciaries?
  • What is the “best interest” standard and when does it apply?
  • What should employers – and employees – know about rollover and IRA advice?
  • Key effective and implementation dates.

Register here.

Fall 2015 Employee Benefits Seminar

Join Spencer Fane’s Employee Benefits Practice Group for a free, half-day seminar. Agenda topics are Data Dilemmas: Cyber-Security Issues for Benefit Plans, Who’s in Charge of Your Retirement Plan? Lessons in ERISA Governance and Risk Avoidance Techniques, and Health Care Reform: What’s the Latest from Washington?

Restating Pre-approved (Prototype/Volume Submitter) Plan Documents

An increasing number of qualified plan sponsors use IRS-preapproved (i.e., “prototype” or “volume submitter”) plan documents provided by a third-party service provider (such as the plan’s investment provider or recordkeeper). All employers who have adopted a pre-approved plan with a 2008 IRS opinion letter must restate their plans by adopting an updated (2014) version of the document by no later than April 30, 2016. As pre-approved plans become increasingly complex (with literally hundreds of plan design options to choose from), it is increasingly easy to make mistakes when restating them, even if the terms of the plan have not changed. The restatement process is also a good time to reconsider your plan design or add new features (such as automatic enrollment or a Roth conversion option).