This seminar is designed for human resource managers, plan administrators, CEOs, CFOs, controllers, enrolled agents, CPAs, payroll professionals, consultants, financial planners, trust officers, insurance professionals and attorneys.
This day-long seminar is designed to give participants a thorough overview of the intricacies of Section 125 Cafeteria Plans. Practitioners, plan administrators, recordkeepers, attorneys, accountants, consultants, trust officers and human resource professionals will benefit from the expertise and knowledge of our guest speakers who will be sharing hands-on, practical experience. You will obtain valuable insight into the most common compliance deficiencies and pitfalls to avoid.
Topics to be discussed include:
Overview Of Cafeteria Plan Options And Obligations
Plan Design Alternatives And Requirements
Plan Operation And Administration
Recordkeeping And Reporting
Employment Law Implications
8:00 a.m. - 8:30 a.m.
I. Overview Of Cafeteria Plan Options And Obligations
8:30 a.m. - 10:40 a.m. (Break 9:15 a.m. - 9:25 a.m.)
II. Plan Design Alternatives And Requirements
A. Medical Reimbursement/Flexible Spending Accounts
B. Group Term Life
C. Premium Only
D. Dependent Care
F. Adoption Assistance
G. Vacation Benefits
I. Excluded Benefits
10:40 a.m. - 12:40 p.m.
III. Plan Operation And Administration
A. Discrimination Testing, Including Impact On Highly Compensated Employees
B. Election Of Benefits
C. Employee Contributions And Excesses/Deficiencies
D. Trust Use/General Assets Of The Employer
E. Deferred Compensation
F. Modifying Elections
G. HIPAA Interface
H. ERISA Requirements And Implications
I. Employment Taxes
J. Retiree Benefits
K. Family And Medical Leave Law Implications
L. Funding Strategies
M. COBRA Obligations
12:40 p.m. - 1:40 p.m.
Lunch (On Your Own)
1:40 p.m. - 2:10 p.m.
III. Plan Operation And Administration (Continued)
2:10 p.m. - 3:40 p.m.
IV. Recordkeeping And Reporting
A. Participant Information
B. Form 5500
C. Employment Tax Issues And Withholdings
D. Premium Setting
E. Plan Qualification
F. Employee Communications
G. Constructive Receipt
3:40 p.m. - 3:50 p.m.
3:50 p.m. - 5:00 p.m.
V. Employment Law Implications
A. ERISA Claims
B. Title VII Impact
C. Collective Bargaining Exceptions
D. Age Discrimination In Employment
E. Americans With Disabilities Act