Lifting the Veil - Retirement Plan Fee Disclosures

We are happy to announce our March speaker, Todd Kading with Leafhouse Financial.  Todd will be speaking on a very timely topic, the new DOL regulations on fee disclosure and fiduciary responsibility for retirement plans.  Business owners, attorneys, CPAs, HR professionals and others who may serve as plan sponsors will learn:

·        The requirements of new rules and how to comply to avoid DOL fines, audits, and lawsuits

·        The various types of hidden fees in their retirement plan

·        Who is and who is not a fiduciary

·        How to avoid “Prohibited Transactions”

·        How to implement best practices with regards to their plan

Our presenter Todd Kading, CFP®, ChFC®, RF™,is the Managing Director of Austin-based LeafHouse Financial Advisors.  He has over 15 years of experience in the industry and is one of only six Registered Fiduciaries in the entire state of Texas.  RF™ certified professionals are identified as having met the highest fiduciary standard in the financial industry and as willing to take responsibility for the advice and investment management that they provide.  He is a highly sought after public speaker who has served on various committees and boards, including the Texas State University Planned Giving Committee. Recently Todd has been educating various groups about this important topic including Fox Business News, the National Federation of Independent Businesses, the Texas Bar Association, and numerous Texas SHRM chapters.

In an effort to make retirement plan fees more transparent for plan sponsors and participants, the U.S. Department of Labor (DOL) has implemented new rules known as 408(b)(2).  These rules contain a new mandate for thorough disclosure of direct and indirect fees charged by service providers on covered plans. The purpose of these new rules is twofold: to shed light on the excessive and hidden fees imposed by many service providers, and to clarify who is acting in a fiduciary capacity to the plan.  In order to avoid DOL audits, fines, or even potential lawsuits, plan sponsors should be proactive about compliance with these new regulations.

This presentation will explain the details of these new regulations and how they impact your duties as a plan sponsor.  We will cover your fiduciary responsibilities and how to avoid conflicts of interest.  We will also discuss cost-saving measures and tips for alleviating future compliance headaches.  You may find that after compliance with these new rules makes your plan even better and more cost effective than before!

Continuing Education Credit

This presentation has been approved by HRCI for one hour of Strategic Credit for all PHRs, SPHRs, and GPHRs.  It is also approved for 1.5 hours of CPE credit for Texas Certified Public Accountants, as well as 1.5 hours of MCLE credit for Texas attorneys.