Drexel University – The Corporate Retirement Plan Industry – Regulatory Changes and Fiduciary Best Practices

Posted by Maria T. Hurd, CPA

Since the Department of Labor’s final 408(b)(2) and 404(a)(5) fee disclosure regulations were issued, industry experts across all fields have been wanting to know what will be the extent of the auditors’ duty to obtain verification for each plan’s compliance with these new rules.

On Thursday, April 12, 2012, Raymond James and Drexel University’s LeBow College of Business will be presenting a continuing education event for professionals involved Drexel University – The Corporate Retirement Plan Industry – Regulatory Changes and Fiduciary Best Practices with corporate retirement plans.

From the U.S. Department of Labor, David B. Finizie, Regional Criminal Coordinator and Lisa Scimeca, Associate Regional Director will make a keynote presentation on the final 408(b)(2) and 404(a)(5) fee disclosure regulations. From the LeBow College of Business, Dean George P. Tsetsekos, Ph.D. will moderate an industry panel discussing best practices for retirement plan fiduciaries. Attendees will also have the opportunity to address questions directly with the DOL and panelists.

So far, the AICPA has issued no guidance regarding what additional audit procedures will be required in connection with these rules. Since I will be on the panel, I asked the AICPA for any official or unofficial guidance regarding the audit procedures that we would need to perform, and they gave me a draft of the Audit Risk Alert that will soon be published in connection with this topic, and an authorization to quote it. I was going to blog about the contents of the Audit Risk Alert, but decided to wait until after the seminar to encourage my clients and their service providers to attend.

Please share this event with your colleagues! Earn CE!

DATE: Thursday, April 12, 2012
TIME: 7:30am – 10:30am
WHERE: Drexel University
Creese Student Center/Behrakis Grand Hall
32nd and Chestnut Streets
Philadelphia, PA 19104
COST: Free


If you have additional questions, please contact me directly at 302-573-3918 or via email at mhurd@belfint.com.

Don’t delay in registering as there are already over 55 people signed up to attend this free, educational event.

I hope to see all of our blog subscribers there!