Hot Topics in Retirement Plans

David Guadagnoli and Amy Sheridan presented "Hot Topics in Retirement Plans" at the Massachusetts Society of CPAs' Employee Benefit Plan Conference.

Mr. Guadagnoli and Ms. Sheridan discussed plan audits, including:

• "Hard to value" assets
• Fiduciary bond coverage (who needs it, how much, plan audit exception)
• Retirement plan distribution compliance
• The changing landscape on plan documents in light of the IRS determination letter program changes

They also talked about fiduciary best practices, including:

• The benefits of fiduciary training
• Investment Policy Statements (and keeping them from coming back to haunt you)
• Understanding the distinction between plan administrator and plan sponsor (and what it means for liability)
• Plan fee related considerations including changing practices in the market