Changes to 401(k) make major impact — learn what you need to know to be ready

The Pension Protection Act of 2006 brings forth changes across the board. You’re facing the most drastic reform of America ’s pension laws in over 30 years, and you need to know how it’s going to affect your organization.

When you purchase this brand-new CD training, you’ll learn about the changes and what they will mean to you. In as little as an hour, training specialist Edward Fensholt will prepare you to face the changes that the Pension Protection Act brings. You’ll receive a “plain English” explanation of the key changes, so you can plan for the new rules, take advantage of the new opportunities, and be prepared for the obligations they present.

What You’ll Learn:

• New accelerated vesting rules: Matching and nonelective contributions to 401(k) plans “Eligible” and “qualified” automatic enrollments New nondiscrimination safe harbors, top-heavy exceptions, and enhanced flexibility for withdrawals and refunds A new fiduciary safe harbor for “default” investments Sustaining ERISA 404(c) protection during a blackout and fund changes The diversification requirements for employer stock New rules on rollover and distribution New notice obligations: Annual benefit statements, automatic enrollments, diversification rights, default investment funds, change in investment options and more! Safely offering investment guidance to plan participants under the new guidelines Permanency of temporary benefit increases and savings credits under prior legislation
• The effective dates and plan amendment deadlines you must know

Your Trainer: Edward Fensholt, J.D.
With over two decades of experience as an attorney and a director at the nation’s largest privately owned employee benefits consulting and brokerage firm, Edward Fensholt is the perfect candidate to lead you through this training. Edward will break down the Pension Protection Act of 2006 and make it easy for you to understand the changes it brings. As Director of Compliance Services at Lockton Benefits Group, Edward has extensive experience in compliance issues under the tax code and ERISA with respect to retirement, and he has also worked in several other aspects of employee benefits law. Prior to his position at Lockton, Edward focused on employee benefits law at Palmer & Cay, DeFrain Mayer, and Spencer Fane Britt & Browne.

Edward frequently speaks on employee benefits matters across the nation and has written several articles on employee benefits issues. Don’t miss this opportunity to learn from Edward’s expertise! He will make it easy for you to adjust to the changes brought by the Pension Protection Act.