Proposed Changes To 401k Plans : Know What's At Risk!

02/28/2013 Posted by admin

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American Business Planning Group, Inc. (AEPG) is pleased to announce it will host an informative instructional seminar which will benefit plan sponsors, benefit directors, home entrepreneurs and Certified Public Accountants. The agenda will include a discourse on the impact of impending changes to 401 (k) plans under ERISA 404 (a) (5) and 408 (b) (2), the importance of being a fiduciary on a 401 (k) plan, and what should be expected from a 401 (k) plan audit. The speakers will include Steven Kaye CFP(R), CLU, ChFC, RHU, CEBS, AAMS, CRC, President of AEPG ; Ed Reaven, AIF, Retirement Planning Director at AEPG ; Ary Rosenbaum, JD, an ERISA attorney and founding figure behind The Rosenbaum Law Firm in Garden Town, NY ; and Donna Massanova, CPA, a Partner and Practice Leader of the Employee Benefit Plan Audit Services group for ParenteBeard LLC, one of the country's largest CPA firms. The seminar will include CPE credits for CPAs.

. The owners and executives of many tiny to medium-sized firms are accountable as fiduciaries for their companies’ 401 (k) plans. “We frequently see scenarios where the fiduciaries don't have a solid grasp of exactly how much the plan is paying for 401k related services,” announces Kaye. “Some owners even think their plan is free. It is important that they know what changes could be coming and what is at stake for their plan.” AEPG has supplied allowance investment and administration services in a fiduciary capacity for more than twenty years.

Their research and experience in the 401k retirement plan area is extensive. “The abuses of the retirement plan industry has made me become a leading adherent of 401 (k) fee transparency, as well as cutting down a plan’s sponsor cost and potential responsibility because I know the tricks of the trade,” announces Rosenbaum. Massanova has conducted a collection of seminars and has been a standard keynote speaker at retirement industry meetings. Her specialities include the Department of Labor’s (“DOL”) laws as well as the consequences of new accounting and auditing pronouncements and 403 (b) plans to name a couple. To approve your interest in attending, please contact Ed Reaven at (908) 821-9796 or through e-mail at ereaven (at) aepg (dot) com. Space is restricted.

American Commercial Planning Group, found in Warren, NJ, specializes in wealth management services that include comprehensive financial planning, investment management, individual and group insurance benefits and allowance plan advisory solutions. AEPG is uniquely qualified to take a general approach to retirement planning. AEPG creates customised plans for small and mid scale business owners that can achieve a corporation's goals, increase cash balances, and protects and / or grows assets. Plenty of AEPG’s clients are entrepreneurs, doctors, and barristers who use AEPG’s full suite of services (e.g. Individual financial planning, life and disability revenue insurance) to guard their families. AEPG is an ERISA 3 (thirty eight) investment fiduciary.

The firm manages every type of financial incentive plans as part of a company benefits package, including : 401 (k) profit sharing, 403 (b), 457 (b), Cash purchase, Outlined Benefit, Cash Balance and Simplified Worker Allowances (SEPs). Recently AEPG was named as one of PLANADVISER’s 2010 Top 100 Retirement Plan Counsellors.


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