New York, NY, November 07, 2015 --(PR.com
)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Holly Hejmowski, Senior Manager, Freed Maxick CPAs will speak at the Knowledge Group’s webcast entitled: “Prohibited Transactions Under ERISA: Obstructing Additional Taxes and Major Penalties Live Webcast.” This event is scheduled for December 7, 2015 from 3:00pm – 5:00pm (ET).
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About Holly Hejmowski
Holly M. Hejmowski, CPA is a Senior Manager in Freed Maxick’s Auditing and Accounting practices. Holly joined the Firm in 2004 and has concentrated in the employee benefit plan, manufacturing, wholesale, and not-for-profit service areas. Holly specializes in employee benefit plan audits including defined contribution, defined benefit, 403(b), and Taft-Hartley multi-employer plans for both private and public companies. She is responsible for the overall planning, organization, supervision, and completion of numerous employee benefit plan audits.
Her responsibilities include in-depth reviews and compliance testing of internal accounting control systems and developing recommendations for suggested improvements in internal controls. She has prepared financial statements in various industry formats, and has prepared audit findings for presentation to management. Holly is also involved with supervising and training staff, and has conducted training in accounting and auditing for incoming staff.
About Freed Maxick CPAs
Freed Maxick CPAs, P.C. advises public and private companies in Western New York on ways to enhance profitability, save taxes, improve accountability and preserve wealth. With over 300 professional and administrative personnel, Freed Maxick operates with five major practices: Accounting & Auditing, Tax, Consulting, Employee Benefits and Asset-Based Lending (ABL). We specialize in helping our clients discover and achieve their bottom-line potential and we provide sound business advice based upon our vast experience in a broad array of industry groups, including healthcare, manufacturing & distribution, governmental and not-for-profit.
The “prohibited transactions” rule under the Employee Retirement Income Security Act (ERISA) was created to ban transactions highly vulnerable to abuse. Recently, the Department of Labor (DOL) has re-proposed rule which aims to expand the definition of fiduciary investment advice. It includes two new prohibited transaction class exemptions as well as amendments to existing class exemptions. The proposed rule preserves the ability of fiduciary advisers, dealers, and insurance agents to continue accepting common forms of compensation that would otherwise be prohibited as conflicts of interest.
The DOL’s goal is to make sure that the new and amended exemptions available at the same time as the regulatory proposal becomes effective.
In a two-hour live Webcast, a seasoned panel of thought leaders and professionals assembled by The Knowledge Group will offer the audience with an in-depth discussion of the fundamentals as well as updates of ERISA’s prohibited transactions rule. The panel will also offer the audience an overview of the three categories of prohibited transactions as outlined in 29 U.S.C. § 406. Going beyond the basic mechanics, our panel will present their thoughts and opinions on how to best comply with the ERISA “prohibited transactions” rule.
Key topics include:
- Prohibited Transaction Rule - A Legal Primer
- Three Categories of Prohibited Transactions
- Transactions between Plan and party in interest;
- Transactions between Plan and fiduciary; and,
- Transfer of real or personal property to plan by party in interest.
- Prohibited Transaction Exemptions and Amendments
- Opportunities and Legal Challenges
- Up-to-the-minute Regulatory Developments
About The Knowledge Group/The Knowledge Congress Live Webcast Series
The Knowledge Group 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: http://theknowledgegroup.org/