New York, NY, June 18, 2011 --(PR.com
)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Scott Kiper, Senior Manager, Compensation & Benefits Consulting, Grant Thornton LLP will speak at the Knowledge Congress’ webcast entitled: “401(k) Fees: What You Need to Know in 2011.” This event is scheduled for August 9, 2011 at 3:00 PM - 5:00 PM ET.
For further details, please visit: http://knowledgecongress.org/event_2011_401k_Fees.html
One of the key issues that will surely be a challenge for plan fiduciaries and participants is the multiple sets of regulations relating to 401(k) fees which were recently released by the Department of Labor. The regulations call for service providers to 401(k) plans to deliver more information about their services and fees to plan fiduciaries. Plan fiduciaries will be expected to review and consider this information in making decisions regarding the reasonableness of 401(k) plan services and fees. In addition, plan fiduciaries must provide new disclosures to participants, who self-direct their accounts, including more information about investment-related expenses as well as administrative and individual expenditures and may be liable if participants incur investment losses and participant disclosure was not complete as required by the new regulations. While the new disclosure regulations are intended to improve the information that plan administrators and participants receive about 401(k) plan fees and expenses, implementation of the new requirements is expected to be complex and costly for plans as well as service providers, and plan fiduciaries may find that interpreting these requirements is difficult and could be confusing.
The Knowledge Group is assembling a panel of distinguished thought leaders, professionals and key regulators to help plan fiduciaries and participants understand issues arising from the new 401(k) fees disclosure rules. The speakers will present their expert opinions in a two-hour Live webcast.
About Scott Kiper
Scott is a Senior Manager in the Compensation & Benefits Consulting Practice at Grant Thornton. Scott is an attorney by background and has over 15 years of experience in the design, administration, compliance and implementation of qualified retirement plans, with a focus on defined contribution plans.
Scott has managed numerous engagements on retirement benefit redesign, the design of plan governance structures and processes, and compliance and governance reviews. He provides consulting on merger and acquisition due diligence and strategy issues. He consults on all matters associated with IRS and DOL compliance and resolution programs and has a thorough understanding of coverage and nondiscrimination testing rules. He also performs fee benchmarking projects for qualified retirement plans.
Prior to joining Grant Thornton, Scott was a Consultant with a major HR Consultancy Firm in Chicago. There, he was responsible for enhancing and expanding the firm’s employee benefits consulting practice in the Chicago and St. Louis markets.
About Grant Thornton LLP
The people in the independent firms of Grant Thornton International Ltd provide personalized attention and the highest quality service to public and private clients in more than 100 countries. Grant Thornton LLP is the U.S. member firm of Grant Thornton International Ltd, one of the six global audit, tax and advisory organizations. Grant Thornton International Ltd and its member firms are not a worldwide partnership, as each member firm is a separate and distinct legal entity.
For more information about Scott Kiper and Grant Thornton LLLP, please visit: http:// www.grantthornton.com/.
About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series
The Knowledge Congress was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. To contact or register to an event, please visit: www.knowledgecongress.org.