RSM Resources

Two Web seminars help plan sponsors understand the recent Pension Protection Act and the steps they will need to take

2006-10-19
Online
Noon Central - 1:00

Get the answers BEFORE you get the tough questions

On August 17, 2006, President Bush signed the Pension Protection Act of 2006 (PPA). The PPA is the end result of several years of debate over how best to reform the American private retirement plan system. The final enacted bill was introduced as “a bill to provide economic security for all Americans.” While the initial intent was to improve funding requirements for defined benefit plans, the scope of the legislation far exceeds that goal.

The Pension Protection Act of 2006 (PPA) offers both significant benefits and potential challenges for plan sponsors.

Are you ready?

Program Objectives

• Gain insight into the practical application of these sweeping changes in developing custom client solutions
• Navigate changes for both defined contribution and defined benefit plan sponsors
• Understand new investment advice provisionsLearn how these changes impact you and your employees. Follow the registration links below to sign up for the sessions listed below.
  

Defined Contribution Provisions: Rose Panico, managing director-Chicago, and Bill O’Malley, director-Peoria, will provide details on defined contribution provisions.
View the web seminar recording
 
Defined Benefit Provisions: Scott Greeno and Mike Noble, managers from Chicago, will discuss defined benefit provisions.
View the web seminar recording
 
Program content is appropriate for all levels, providing an overview of the Pension Protection Act of 2006, and offering practical guidance you can use to develop solutions. No advance preparation, prerequisites or course materials required, but we encourage you to request our free White Papers on PPA 2006.

• How will these changes affect your defined contribution retirement plan?
• Changes for defined benefit plans
  

Topics Include:

The Pension Protection Act of 2006 (PPA) changes retirement legislation significantly.  Financial advisors and plan sponsors need to prepare for these changes. The PPA includes sweeping changes that completely overhaul funding rules for defined benefit plans.

• Defined benefit plans will fund to 100% of liabilities
• Liabilities calculated using new standardized assumptions
• Planning during 2006 and 2007 will facilitate a smooth transition to PPA requirements in 2008

The PPA primarily focuses on defined benefit plans but there are several key changes that effect 401(k) and other defined contribution plans.

• Application of vesting to employer contributions
• Employer incentives for automatic enrollment
• Safe-harbor nondiscrimination test for qualified automatic contribution arrangements
• Automatic enrollment fiduciary protection
• Combined defined benefit/401(k) or DBK plan provision for plans with fewer than 500 employees

Seminar Information