"Five Common 401(k) Assumptions Which Are Now Wrong"
presented by: Deborah L. Grace - Dickison Wright, PLLC and Errol A. Hau - CAPTRUST Financial Advisors
To manage plans effectively we often rely on information we gather from various industry sources as well as our peers. As helpful as that can be, it can also result in circulating assumptions that go unchecked and may even be counter to your plan’s objectives.
With 401k plans now going under the legal and congressional microscope, this expert-level session will provide timely information to ensure your plan stays ahead of the curve while avoiding further “administrative bloat.” The goal of this session is to shed light on five common assumptions, provide updates on impending fiduciary changes and share current litigation findings that will improve plan management and outcomes.
During this webinar, Five Common 401(k) and Profit-Sharing Assumptions Which Are Now Wrong, Deborah Grace and Errol Hau will discuss important legal considerations now in place that directly impact the management of corporate retirement plans and address future regulatory issues that will affect employer responsibilities.
Participants also will learn:
- Which common assumptions are creating greater plan liability
- Up-to-date fiduciary leadership techniques that clarify role responsibilities between employers, providers and employees
- The most critical areas of retirement plan management that lead to highly successful plans and outcomes
- How changes in business structure relate to plan design and regulatory requirements
- Current status of court and legal actions and emerging fact patterns shaping future retirement plan policy
This webinar has been approved for 1.0 General Credit.
Complimentary for Detroit SHRM Members
$25 for Non-Members of Detroit SHRM
ABOUT THE SPEAKERS:
Deborah L. Grace, Dickinson Wright, PLLC
Deborah is a member with Dickinson Wright PLLC, a full service law firm with offices in Michigan, Tennessee, Ohio, Kentucky, Arizona, Nevada, Washington DC, and Toronto Canada. Ms. Grace has more than 25 years experience in counseling finance and human resource professionals on designing and administering pension, profit sharing, 401(k), 403(b), executive compensation and welfare benefit plans. Her clients include large multi-state employers, U.S. based subsidiaries of foreign companies, mid-sized companies, small professional firms, universities, and school districts. She has advised clients on the correction of plan administration errors, and negotiated favorable results for clients correcting administration errors under the IRS Voluntary Correction Program and the Department of Labor’s Voluntary Fiduciary Correction Program. She has experience with audits by both the Internal Revenue Service and the Department of Labor. Ms. Grace’s current position as chair of the Dickinson Wright Benefits Committee, which is responsible for the administration of the Firm’s retirement and welfare benefit plans, has provided her with practical experience on the complex issues that ERISA fiduciaries face when administering a retirement plan.
Ms. Grace is a member of the Employee Benefits Committee of the Tax Section of the American Bar Association, the State Bar of Michigan, the Employee Benefits Committee of the Oakland County Bar Association, and the Governmental Affairs Committee of the ASPPA. Ms. Grace is listed in Best Lawyers in America – Employee Benefits (ERISA) Law and Michigan Super Lawyers – Employee Benefits/ERISA.
Errol Andrew Hau, AIF®, CAPTRUST Financial Advisors
Errol is an accredited investment fiduciary with CAPTRUST providing retirement advisory services to fiduciaries of corporate and institutional retirement plans, with a specialty in plan design, fiduciary governance and advancing participant outcomes. While at CAPTUST, Errol has served as Director, Product Specialist for corporate retirement plans from $1M to $20 million in assets before transitioning to his current role of Vice President, Institutional Financial Advisor. Prior to joining CAPTRUST, he was Vice President with Freedom One Financial Group responsible for client development and participant education and advisory services for nearly $1 billion in client assets.
Errol received a Bachelor of Science degree in Economics from the University of Wisconsin-Madison and an MBA in Finance at the University of St. Thomas Opus School of Business in Minneapolis, Minnesota. He is certified as an Accredited Investment Fiduciary (AIF®) by the Center for Fiduciary Studies and holds a Certified Treasury Management (CTP) designation. Errol is an active board member of the CAPCommunity Foundation and the Starfish Family Services Foundation in Metro Detroit.