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| Shane J. Stroud, Special Counsel, Cadwalader, Wickersham & Taft LLP to Speak at KC’s EventFor further details, please visit: https://theknowledgegroup.org/ About Shane J. Stroud Shane Stroud’s practice focuses on a wide variety of matters in the areas of employee benefits and executive compensation, including those related to mergers, acquisitions, spin-offs, initial public offerings and other extraordinary corporate events (such as private equity and leveraged buyout transactions) Shane also counsels clients with respect to bankruptcy, securities, corporate governance and other laws affecting employee benefits and executive compensation matters. He also advises a wide range of companies with regard to designing and drafting equity based and incentive compensation plans. Shane has extensive experience representing both executives and employers with respect to the negotiation and drafting of executive employment and severance agreements. He regularly advises clients on the implementation and design of qualified and non-qualified employee benefit plans (including health and welfare plans, 401(k) plans, employee stock ownership plans and supplemental executive retirement plans). Shane also advises clients on a wide variety of ERISA issues, including plan reporting and disclosure, participation, vesting, funding, benefit accrual, fiduciary responsibility, prohibited transactions, plan termination, merger and employer withdrawal liability issues. About Cadwalader, Wickersham & Taft LLP At Cadwalader, Wickersham & Taft LLP, we put over 200 years of legal experience and innovation to work for you today. As one of the world's most prominent financial services law firms, we have long-standing client relationships with premier financial institutions, Fortune 500 companies and other leading corporations, government entities, charitable and health care organizations, and individual private clients. We have earned a reputation for crafting innovative business and financial solutions and developing precedent-setting legal strategies to achieve our clients' goals. The result is simple: We stand out from our competition because we help you stand out from yours. Find out what makes us different. Event Synopsis: Today, there are more rules and regulations than anyone would ever have imagined in 1980. Tied to this are costlier penalties and lawsuits that require the vigilance of a fox. But, sometimes, the regulations are simplified as is the case with filing of Retirement Plan Errors to the US Internal Revenue Service (IRS). The IRS recently issued important updates to its Employee Plans Compliance Resolution System (EPCRS). EPCRS allows sponsors and administrators of tax qualified retirement and certain other plans (Section 403(b)) to correct certain documentary and operational errors and thereby retain their tax advantages. Other changes include conditionally expanding eligibility for reduced Voluntary Correction Program (VCP) filing fees; exempting sponsors from having to file determination letter applications when correction is by plan amendment; and extending the period for adopting corrective plan amendments in certain situations. Overall the changes are helpful and provide some flexibility in structuring corrections and reduce the tedium of doing so. In light of the changes to the EPCRS program, plan sponsors should be aware that failure to correct known plan qualification errors may result in more expensive sanctions if the errors are identified in an IRS examination. In this two hour, LIVE Webcast, a panel of distinguished professionals and thought leaders assembled by The Knowledge Group will review and discuss Retirement Plan Errors under the EPCRS. This interactive course will offer the audience advice on How to Prevent and Correct Errors in 2016. Through case studies, the panel will also provide the audience with the best practices in correcting and preventing possible Retirement Plan Errors. Key topics include: § Introduction & Overview of EPCRS § Responding to Plan Qualification Errors & Other Defects § First steps in every case § Get some help § Legal/ § Define the potential magnitude of the issue § Consider notifying insurance § Allocate resources for fast resolution § Implement stop gaps measures for immediate compliance § 4 Paths to Correction § Self-correction under EPCRS § Conditions to self-correct – § Good document § Timing – significance v. insignificance § Correction methods § Procedures to self-correct § Hypotheticals § VCP § Conditions to use VCP § Eligible errors § Ineligible errors § Other reasons to use VCP § Procedures to use VCP § Fees § Forms § Compliance statement § Updates to program based on Revenue Procedures § Hypotheticals § Audit closing agreements § Conditions to use Audit CAP § Procedures to use Audit CAP § Hypotheticals § Correcting outside of EPCRS (we need to allocate these subtopics) § Walk in Cap § DOL § Other § Preventing Plan Qualification Errors and Defects § Internal controls § CPA plan audits § Agreed upon procedures § Compliance audits/reviews § Mock IRS audits § Retirement plan committee oversight § Q& About The Knowledge Group/The Knowledge Congress Live Webcast Series The Knowledge Group was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. To contact or register for an event, please visit: http://theknowledgegroup.org/ End
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