Abandoned Plans

Speaker: James C. Paul, Esq., APM, Ferenczy + Paul LLP

What happens when a retirement plan sponsor goes out of business, is liquidated in bankruptcy, or otherwise disappears from the face of the earth, leaving a retirement plan with assets behind?  What can be done to terminate the plan and distribute assets to participants?  Who can authorize distributions?  Is there any protection from fiduciary liability for a "good samaritan" who steps in to clean up the mess?  Jim will answer these questions and more as he reviews the DOL rules for designating a plan as "abandoned", taking on the role of a Qualified Termination Adminstrator, and distributing plan assets, along with newly proposed regulations that will cover plans of companies in bankruptcy. 

Attendee Takeaways:
• What is an "orphan" or "abandoned" plan?
• Who can step in to terminate the plan and distribute assets to participants?
• What fiduciary protections are available to service providers who are willing to help?
• Can service providers get paid for working on these plans?
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REGISTRATION

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Registration Prices

Recorded Webcast
(registration deadline: 04/18/14)

IndividualViewer	Additional Viewers
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Non-member: $180	Non-member: $65

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CONTINUING EDUCATION INFORMATION 

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The webcast is designed to offer registrants 2 ASPPA CE credits.

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The webcast is designed to offer registrants 2 JBEA CE credits for Enrolled Actuaries. The final decision as to the number and type of JBEA credits rests solely with the Joint Board for the Enrollment of Actuaries.

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ABOUT THE SPEAKER

James C. Paul, Esq., APM
James (Jim) is a benefits attorney and a partner with Ferenczy + Paul LLP.  He heads up the Sacramento, California office, joining with the Atlanta, Georgia office to provide clients with advice and consultation regarding qualified pension and profit sharing plans, nonqualified plans, executive compensation and other benefit programs.  A benefits practitioner for more than twenty-five years, Jim provides practical and understandable guidance, advice, and support for employers, plan sponsors, and other clients.  He is a member of the State Bars of California and Arizona, and earned his law degree from the Georgetown University Law Center in 1987.  In 2010, Jim’s peers elected him to membership in the American College of Employee Benefits Counsel, the highest honor awarded to ERISA lawyers.

From 401(k) plan compliance and corrections, to executive compensation, to due diligence and counseling employers on benefits issues in mergers and acquisitions, Jim has done almost everything in the employee benefits arena.  His experience includes counseling employers on design, compliance, and operation of qualified retirement plans, nonqualified deferred compensation plans, welfare plans, and stock based compensation plans.  He also counsels employers on fiduciary issues and has experience in fiduciary litigation.

Jim serves on the Board of Directors for the American Society of Pension Professionals and Actuaries (ASPPA) and recently completed a term as Co-Chair of the ASPPA Government Affairs Committee.  He also currently serves on the Board of Directors for KVIE Public Television in Sacramento, and he frequently speaks and writes on employee benefit plan issues.
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