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Thursday, May 19, 2022 Live Webcast

Audits of Employee Benefit Plans Conference (E2205220)

8:00 AM - 4:00 PM EDT
webcast

ON24

8.0 CPE Credits in AA

OVERVIEW

Make your audits of employee benefit plans a success with the latest best practices and a thorough understanding of new standards and reporting methods.

DESIGNED FOR

CPAs involved in the auditing of employee benefit and pension plans

HIGHLIGHTS

8-8:50 a.m.
Accounting and Auditing Update
Kevin Nardone, CPA – EisnerAmper LLP
Obtain knowledge of essential accounting and auditing considerations affecting 2021 employee benefit plan audits. This session will include discussions of existing guidance with practical insight on implementing new and proposed accounting and auditing standards for employee benefit plan financial statements.

9-9:50 a.m.
The Impact of SAS 136 Implementation on Employee Benefit Plan Audits
Heather Karpawich, CPA – Grant Thornton LLP
This session will discuss what to expect as auditors implement Employee Retirement Income Security Act (ERISA) Section 103(a)(3)(C) audits and how they will differ from limited scope audits.

10-10:50 a.m.
Planning and Risk Assessment
Jennifer Giannini, CPA - Baker Tilly US LLP
Details Coming Soon.

11-11:50 a.m.
Best Practices When Designing Investment Menus in the World of Crypto Currency, SDBAs and ESGs
David Hudak, Senior Vice President – Captrust
This presentation will discuss the fiduciary process of reviewing investment options and the standard of care needed when designing investment menus for retirement plans. In this presentation, attendees will learn about the history of investment lineups in retirement plans and industry best practices on Crypto Currency, SDBAs and ESGs. Finally, attendees will learn how to add value to an audit relationship by identifying investment opportunities and helping avoid pitfalls with investment menus.

11:50 a.m.-12:20 p.m.
Lunch Break

12:20-1:35 p.m.
U.S. Department of Labor Update
Michael E. Auerbach, CPA – U.S. Department of Labor
Find out what’s going on at the Employee Benefits Security Administration's Office of the Chief Accountant. This session will discuss the work done with regards to plan audits and Form 5500 filings, as well as changes to the 2021 Form 5500 to align with SAS 136. Learn common reporting deficiencies and tips on how to help your clients be compliant with ERISA. Also learn why some audits of employee benefit plans are deemed deficient and what you can do to help make sure your audits are satisfactory.

1:45-2:35 p.m.
Surviving a DOL Cybersecurity Audit
Elliot D. Raff – McDonald Hopkins
On April 14, 2021, the DOL issued guidance concerning cybersecurity and ERISA fiduciary duties. Shortly thereafter, the DOL launched a national cybersecurity enforcement initiative, adding cybersecurity to routine plan examinations and requesting a lengthy list of cybersecurity-related documents. This session will provide an overview of the issues, a discussion of the DOL guidance, and practical steps plan advisors and fiduciaries can take to mitigate cybersecurity risks and be ready for the DOL.

2:45-4 p.m.
Top Employee Benefit Plan Reporting Issues
Michael Kulick, CPA, M.B.A. and Donna Nevolo, CPA - WithumSmith+Brown PC
This session will identify and discuss 10 of the most common deficiencies noted while performing audits of employee benefit plans.

COURSE LEVEL

Intermediate

INSTRUCTORS

Michael Auerbach

Michael E. Auerbach, CPA

Chief Accountant, Division of Accounting Services

US Department of Labor

As the Chief Accountant, Employee Benefits Security Administration, Mr. Auerbach is responsible for managing the resources of the Office of the Chief Accountant and implementing various comprehensive, nationwide enforcement programs relating to certain provisions of the Employee Retirement Income Security Act (ERISA). He also provides ERISA related accounting and auditing technical expertise within the Employee Benefits Security Administration and is the liaison with the American Institute of Certified Public Accountants (AICPA), the Financial Accounting Standards Board (FASB) and other professional organizations. Mr. Auerbach provides executive oversight and leadership for EBSA’s fiduciary oversight program for the federal government’s Thrift Savings Plan (TSP). The TSP is the largest defined contribution plan in the world, with assets of in excess of $500 billion and 5.0 million participants.

Mr. Auerbach is a certified public accountant and earned his B.S. in accounting, from the University of Maryland.

Jennifer Giannini

Jennifer Giannini, CPA

Director of Commercial Services

Baker Tilly

Jennifer joined the firm in November 2005. Her corporate audit experience spans over 20 years, providing audit, consulting and assurance services to entities ranging from small locally owned companies to multi-state and international consolidated groups, in both public and private sectors. She has substantial corporate audit experience in healthcare, broker-dealer in securities, manufacturing and not-for-profit industries.

Jennifer also has extensive auditing and consulting experience associated with employee benefit plans. Her plan audit experience includes DOL disclaimer and full-scope audits of defined contribution plans, audits required to accompany 11-K filings, defined benefit plan audits and audits of employee stock ownership plans.
Additionally, she regularly provides consulting services on plan document compliance, IRS/DOL correction methodologies, and significant or complex plan corrections. She serves the American Institute of Certified Public Accountants (AICPA) as an oversight reviewer to peer reviews over employee benefit plans.

David Hudak

David Hudak, CFA

Senior Vice President

David currently serves as a senior vice president and financial advisor. He serves as the lead consultant for a broad range of clients, including defined contribution plans, pension plans, endowments, and foundations. His primary responsibility is advising investment committees on all phases of their fiduciary duties. David joined CAPTRUST from Portfolio Evaluations, Inc., where he served as a senior investment consultant for the firm. He has extensive experience with all aspects of fiduciary oversight including investment policy statements, performance evaluation, investment manager due diligence, and fee benchmarking. David holds the designation of Chartered Financial Analyst (CFA®) and has been in the industry since 1999. He earned a Bachelor of Arts degree from Gettysburg College and a Master of Business Administration from Seton Hall University.

Heather Karpawich

Heather Karpawich, CPA

Managing Director

Grant Thornton LLP

Heather is a Managing Director in the Philadelphia office of Grant Thornton LLP with over 16 years of auditing and accounting experience. She is an Employee Benefit Plan practice dedicated Managing Director who has supervised and managed the performance of numerous employee benefit plan audits for both large and small companies across various industries including not-for-profit, healthcare and commercial. She is experienced in audits of both limited and full scope 401(k), 403(b), 401(a), defined benefit plans, health and welfare, 11-K filings and ESOPs. Heather has extensive experience in addressing reporting and disclosure issues related to benefit plans.

In addition, Heather annually participates both writing and delivering Grant Thornton’s employee benefit plan audit training. She annually participants in internal practice reviews and peer reviews. Her clients include private, publicly held and not-for-profit companies

Michael Kulick

Michael M. Kulick, CPA

Partner

WithumSmith+Brown

Michael M. Kulick, CPA, MBA is a Senior Manager at WithumSmith+Brown. His public accounting experience includes auditing, financial statement analysis and preparation, as well as business consulting with a focus on privately-held entities. Mr. Kulick has extensive accounting and auditing experience including a concentration in businesses in the manufacturing, wholesale and distribution, information technology, and retail sectors. He has expertise in performing full and limited scope audits of employee benefit plans of publicly and privately held companies. He also serves on the WS+B Employee Benefits & Pension Plans Leadership Committee. Mr. Kulick attended Providence College and the Stillman School of Business at Seton Hall University. He is a Chartered Global Management Accountant (CGMA) and a member of both the AICPA and NJSCPA.

Kevin Nardone

Kevin Nardone, CPA

Senior Manager

EisnerAmper LLP

Kevin Nardone is a Director in the Private Business Services Group at EisnerAmper, with over 10 years of experience in both the public and private sectors. He provides advisory services for privately held businesses and individuals including income tax compliance and accounting services.

Kevin manages engagement teams performing audit services for diverse clients, including those in the food and beverage, manufacturing and distribution industries, and construction companies. Additionally, he has experience in employee benefit plan audits, 401(k)s and defined benefit plans for single and multiple employers and knowledge and experience surrounding multi-employer benefit plans.

Kevin consults with clients and is responsible for the supervision and review of staff and work product, including detailed testing. He understands the reporting and regulatory requirements unique to these types of audits and stays abreast of changes, including recent accounting standards updates and required implementation.

Donna Nevolo

Donna A. Nevolo, CPA

Partner

WithumSmith+Brown

Donna Nevolo, CPA is a manager in the Morristown office of WithumSmith+Brown. She has over thirteen years of experience in public accounting serving large, publicly held multi-national companies. She also has extensive experience with retirement plan auditing, not-for-profit entities, hedge fund and broker dealer audits. She is an ERISA Team senior audit manager and serves on the WS+B Employee Benefits & Pension Plan Leadership Committee. She is a contributing author of Withum ERISA Knowledge Center.

Ms. Nevolo began her career at PriceWaterhouseCoopers. She is a member of the AICPA, NYSSCPA and the NJCPA. She received her bachelor's degree in accounting from Mount Saint Mary's College and is a licensed certified public accountant in New Jersey and Connecticut.

Elliot Raff

Elliot D. Raff, Member

McDonald Hopkins

Elliot is a Member of the Business Department at McDonald Hopkins, and part of the firm’s Tax and Benefits and Executive Compensation and Governance practice groups. He has more than 30 years of experience from a career that includes nearly a decade holding senior in-house legal counsel positions at Fortune 500 companies and serving as a trial attorney for the U.S. Department of Labor.

Elliot’s practice includes advising C-suite executives, business owners, HR and finance teams, fiduciaries, and plan service providers on all types of executive compensation and employee benefits matters, including plan design and implementation, plan governance and fiduciary duties, service provider contracting and management, operational compliance and issue resolution, IRS, DOL, and PBGC examinations, transaction support, and post-closing integration. As someone who listens deeply to his clients’ issues and invests time in getting to know their business, Elliot is able to break down complex benefit and executive compensation challenges and provide bespoke and practical legal solutions.

PRICING

$259.00 - Member

$409.00 - Nonmember

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