Session One (AM 1): So Your Employer Asked You To Be On the 401(k) Committee; What’s Next?
In almost every company, the day-to-day administration of the company’s 401(k) plan is handled by the professionals who handle human resources. This obviously makes the most sense but there are so many overlaps with other areas of the company, including finance, accounting and legal, just to name a few. It is almost a natural that one of the HR professionals who handles the daily administration of the 401(k) plan should be invited to serve on the 401(K) committee. But, is this always the best answer? And, what are the special considerations that come up when the HR professional is serving on the 401(k) committee.
Learning Objectives:
- Difference between ministerial and fiduciary services
- How to start and stop being a fiduciary
- Not all 401(k) Committees are the same
- What to ask to make sure your CYA works
- What issues stay in HR and what issues go to the 401(K) committee
About the Speaker:
Jim Griffin
Partner, Scheef & Stone
Jim Griffin works with clients on 401(k) plans and other retirement plans, as well as tax issues involving health plans, Section 125 cafeteria plans and Section 409A deferred compensation plans. Jim helps clients fix broken plans and work through audits by the Internal Revenue Service and Department of Labor. For more than 30 years, Jim has been helping clients solve their employee benefit problems. Jim’s clients count on him to bring practical solutions with a common sense explanation. Jim enjoys helping clients break down barriers to get positive results in the important area of employee benefits and executive compensation.
Session Two (AM 2): What's New From Austin, Washington, and The Supreme Court
This session will be a discussion of the new legislative and court rulings that impact businesses in Texas.
Learning Objectives
- The latest developments impacting employers in Texas from both Washington and Austin
- Some changes that need to be put in place by Texas employers as a result
- Some items that are still on the agenda that employers need to stay tuned to
About the Speaker:
Mark Downey
Downey Law Group
For over a decade Mark has been Board Certified in Labor and Employment Law by the Texas Board of Legal Specialization. He is licensed and practices in both Texas and Colorado and has focused his practice for the last 20 plus years on defending companies in employment and labor related matters. During this time Mark has had extensive experience in handling and responding to a wide range of local, state and federal employment issues that impact the management and operations of businesses in a wide range of industries. Mark's experience includes appearances before state and federal agencies and regulatory boards, litigation in both state and federal courts, defense of class actions and appearances before courts of appeal. While Mark regularly handles matters in litigation, he has a high regard for handling every issue with the best interest of the client’s business.