MONDAY, OCTOBER 26, 2020
12:30–1 p.m. ET | WELCOME TO ASPPA2020 – ALL ACCESS
Welcome to ASPPA2020 – All Access! We have an event in store for you – but first, here’s an introduction to the agenda, how to watch your favorite sessions and some of the fun we’ll be having throughout the next four weeks! We’ll also here a year in review from ARA President Kyla Keck and ASPPA President Missy Matrangola.
1–2 p.m. ET | RETIREMENT ROUNDTABLE
The ink was barely dry on the SECURE Act when we were forced to change gears to focus on the challenges brought about by COVID-19 and the CARES Act. Our panel of industry leaders, representing all facets of the industry, will discuss how they have gotten their clients through these trying times.
2–3 p.m. ET | CYBERSECURITY IN THE NEW NORMAL
3–3:30 p.m. ET | BRAIN BREAK
3:30–4:30 p.m. ET | WORKSHOPS
TPA: COVID-19 DISTRIBUTION FAQS
Do you have questions on how to administer the COVID-19 distributions? You are not alone as most practitioners do also. This fast-paced interactive session will discuss who is entitled to a distribution, how the repayments rules work and how administration is impacted.
- Which participants are eligible for the COVID-19 distributions?
- How the repayment provisions may be applied
- How these distributions need to be reported to the IRS at the time of distribution and repayment
ACTUARY: DB PLANS IN A VOLATILE MARKET
There have been many ups and downs in 2020. How many plans have been frozen? What changes for frozen plans? When should you unfreeze? In this session we will review best practices for managing DB plans in a volatile market.
OWNER: WHAT THESE BUSINESS LEADERS HAVE LEARNED OVER THE LAST YEAR
To say that 2020 has been an unusual year is an understatement. We started the year deciphering the SECURE Act before being thrown into the deep end of the coronavirus with the CARES Act as our life jacket. Our funding deadlines were moved, add in the announcement of the next round of DC document restatements in the midst of an economic downturn as well as the business impact of the FFCRA and PPP (Paycheck Protection Program, not Pooled Plan Provider). The last 12 months have proven that business leaders must adapt and remain flexible to adjust to changing times. In this session, we will discuss the lessons we have all learned in the midst of trying to keep all these plates spinning while keeping our heads on straight. Some of the areas that have required thinking in new ways include:
- Technology needs and data security for a remote workforce – did you make any changes or upgrades that you will retain once the dust settles?
- Effectiveness of work from home arrangements – will you allow employees to work remotely even when we are all allowed back in the office and what office modifications have you had to make, if any?
- Billing and collections – have you adjusted the timing of sending invoices or your methods of accepting payment?
- Procedural changes – which of your internal processes have been the most challenging to adapt?
- Engagement – have you changed the way you interact with your team, referral sources, and/or clients?
RECORDKEEPER: SECURE/CARES/SIGNIFICANT EVENTS
We are all in the midst of rolling out changes resulting from the SECURE Act, CARES Act and other significant events. Attend this session focused on operations to learn how recordkeepers are handling:
- Administration of the new long time/part time employee requirements
- The required minimum distribution changes and new in-service distribution options.
- Adoption of a plan after the close of the plan year, as well as automatic enrollment and safe harbor regulatory changes.
- Changes to participant statements, disclosures, and notices.
- Retirement related disaster distributions
4:30–5:30 p.m. ET | WASHINGTON UPDATE
Find out what you need to know about the rapid policy developments coming from Washington, D.C. The agencies are busy pumping out retirement plan administrative guidance in the wake of the COVID-19 pandemic and the CARES Act, as well as working on longer term projects like SECURE Act implementation, an update of the Fiduciary Rule, and more! Also, hear the latest on what could be on the political horizon as America votes for president again in November.
TUESDAY, OCTOBER 27, 2020
12–1 p.m. ET | SPONSOR LOUNGE OPEN
Visit with sponsors at your convenience and live chat with expert solutions providers, watch demos or videos, download materials, or leave your contact information for follow-up.
1–2 p.m. ET | ARE YOU SMARTER THAN A PENSION GEEK?
Strategy merges with current events of today’s retirement plan world. See ASPPA’s take on “Are You Smarter than a Pension Geek” where contestants will compete and use lifelines to win. You won’t want to miss this fast paced, must-see “edutainment” session as we answer your most pressing questions! Hosted by your very own Derrin Watson and Kizzy Gaul!
2–3 p.m. ET | WORKSHOPS
TPA: ELECTRONIC DISCLOSURES – WHAT’S NEW
The DOL has issued guidance on distributing notices electronically. Adhering to these rules may be more cost efficient and effective for your clients. Come to this session and see which notices are covered by the rules and what needs to be done in order to abide by them.
- Which notices are covered by the electronic disclosure safe harbor delivery method in the DOL rules?
- What steps the plan administrator needs to take so that they can rely on the safe harbor
- The timing of how often and when the notices must be updated and what needs to be done when they are
ACTUARY: WHAT WE’VE LEARNED IN 2020
2020 has been a wild ride. What have we learned? Has there been recent guidance or additional relief? How do we move forward in future years?
OWNER: HOW THE SECURE ACT AND THE CARES ACT AFFECT YOUR BUSINESS PRACTICES AND SERVICE MODEL
Presenters will discuss how the Secure Act and Cares Act may affect the business side of your firm. They will cover areas surrounding new services offerings, marketing strategy changes, staffing need fluctuations, and cash flow considerations. Attendees will leave the session with ideas for how they may need to adapt their service model due to changing legislation.
RECORDKEEPER: DATA SECURITY AND FRAUD RECOVERY FOR RECORDKEEPERS
Are you secure in handling client’s assets and understand how to mitigate fraud? This breakout session will focus on:
- Best practices for recordkeepers when fraud and/or data theft occurs
- Who is responsible for fraud recovery, including third party custodians, third party administrators and even the plan’s Trust
- Working with TPAs and plan sponsors to limit fraud and data theft
3–3:30 p.m. ET | BRAIN BREAK
3:30–4:30 p.m. ET | ETHICS
Join a panel of industry leaders talk about navigating their clients through these difficult times and the ethical considerations that drove the decision-making processes and communications.