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Overview:

The SECURE Act, an acronym for “Setting Every Community Up for Retirement Enhancement Act” was signed into law on December 20, 2019, as part of a massive compromise government spending bill. The Act represents the most significant reform of the retirement system since the Pension Protection Act of 2006.

With a few exceptions, the Act’s provisions are effective on or after January 1, 2020, and impact both employer sponsored retirement plans as well as traditional and Roth IRAs. For operational compliance, quick action may be needed for those provisions taking effect in 2020.

In this LIVE Webcast, a seasoned panel of thought leaders and professionals brought together by The Knowledge Group will provide and present to the audience an in-depth analysis of the fundamentals as well as recent updates in the SECURE Act. Speakers will also present the important issues surrounding this significant topic.

Credit:

Course Level:

Intermediate

 

Advance Preparation:

Print and review course materials

 

Method of Presentation:

On-demand Webcast (CLE); Group-Internet Based

 

Prerequisite:

General knowledge of employee benefits laws

 

Course Code:

148692

 

NY Category of CLE Credit:

Areas of Professional Practice

 

NASBA Field of Study:

Taxes - Technical

 

Total Credits:

2.0 CLE

2.0 CPE (Not eligible for QAS (On-demand) CPE credits)


CLE State Requirements:

https://knowledgewebcasts.com/cle-state-requirements/

Speaker Panel:

John Perugini, General Counsel
Millennium Trust Company

As Millennium Trust General Counsel, John oversees the legal and compliance functions at Millennium Trust. He brings more than 20 years of legal experience to the firm.

Before joining Millennium Trust in 2017, John served as General Counsel and Executive Vice President – Finance at Sync Financial, a tech-enabled financial services company. John has also served as Assistant General Counsel of Solo Cup Company and as a partner in the capital markets practice at Jones Day, an international law firm. He began his career as a Certified Public Accountant® with Ernst & Young.

John earned a bachelor’s degree in business administration and a juris doctor from the University of Notre Dame.

Marguerita Cheng, CFP®, RICP®, Chief Executive Officer
Blue Ocean Global Wealth

Marguerita M. Cheng is the Chief Executive Officer at Blue Ocean Global Wealth. Marguerita is a past spokesperson for the AARP Financial Freedom Campaign and a regular columnist for Investopedia & Kiplinger. She is a member of CNBC Digital Financial Advisor Council. She is a CFP® professional, a Chartered Retirement Planning Counselor, and a Retirement Income Certified Professional®. As a Certified Financial Planner Board of Standards (CFP Board) Ambassador, Marguerita helps educate the public, policy makers, and media about the benefits of competent, ethical financial planning. She serves as a Women’s Initiative (WIN) Advocate and member of the Diversity Advisory Group (DAG) for CFP Board.

Paul Porretta, Partner
Pepper Hamilton LLP

Paul L. Porretta is a partner in Pepper Hamilton LLP’s Employee Benefits and Executive Compensation practice group, resident in its New York office. Mr. Porretta’s practice focuses on a wide range of services related to 401(k) plans, pension plans, multiemployer plans, employee stock ownership plan (ESOPs) and ERISA issues. In addition, he has extensive experience with equity-based compensation, nonqualified deferred compensation, employment arrangements, health and welfare plans and HIPAA compliance. Prior to joining Pepper Hamilton, Mr. Porretta was a partner with Morrison Cohen LLP and an assistant general counsel at MetLife. He started his legal career at Thelen Reid Brown Raysman & Steiner LLP. Mr. Porretta received a B.A. from Marquette University, a M.B.A. from Fordham University, a J.D. from New York Law School and a LL.M. in Taxation from the New York University School of Law.

Agenda:

John PeruginiGeneral Counsel

Millennium Trust Company

Marguerita Cheng, CFP®, RICP®Chief Executive Officer

Blue Ocean Global Wealth

 

AND

Paul PorrettaPartner

Pepper Hamilton LLP

  • Protection for Multiple Employer Plans and Compliant Employers from a Participating Employer’s Qualification Failures.
  • Increase in Small Employer Tax Credit for Pension Plan Startup Costs and Added Credit for Automatic Enrollment.
  • Increase in Maximum 401(k) Plan Automatic Enrollment ADP Safe Harbor Default Contribution Rate.
  • Ease in Elective Deferral Contribution Eligibility for Long-Term Part-Time Employees.
  • Flexibility for 401(k) Non-elective Contribution Safe Harbor Notice Requirements and Plan Amendments.
  • Repeal of IRA Contribution Age Limit.
  • Increase in Required Minimum Distribution Age from 70½ to 72.
  • New Required Minimum Distribution Rules upon Death of Participant / IRA Owner.
  • Early Withdrawal Penalty Exception for Births and Adoptions.
  • Relief from Nondiscrimination Requirements for Closed and Frozen Pension Plans.
  • Extended Time for Employers to Adopt New Retirement Plans.
  • New Defined Contribution Plan Participant Statement Requirements for Lifetime Income Streams.
  • Increase in Penalties for Retirement Plan Filing and Notice Failures.
  • Prohibition on Employer Plan Loans Through Credit Cards.
  • Expanding Section 529 plans to cover registered apprenticeships and distributions to repay certain student loans.
  • Repealing the "kiddie tax" changes added by the TCJA.
  • Treating certain taxable non-tuition fellowship and stipend payments as comp for IRA purposes.
  • Expanding qualified plan distribution rules to provide for the portability of lifetime income options when the investment is no longer available under a plan.

Date & Time:

Friday, February 21, 2020

12:00 pm to 2:00 pm (ET)

Materials:

Download Course Materials

Who Should Attend:

  • Retirement Benefits Lawyers
  • Employee Benefits Lawyers
  • Labor and Employment Lawyers
  • Human Resource Executives
  • Compensation Managers
  • Retirement Plan Sponsors
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SPEAKERS

John PeruginiGeneral Counsel
Millennium Trust Company
Marguerita Cheng, CFP®, RICP®Chief Executive Officer
Blue Ocean Global Wealth
Paul PorrettaPartner
Pepper Hamilton LLP

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