Proposed Changes to 401k Plans: Know What is at Stake!

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On September 14, 2011, American Economic Planning Group, Inc. (AEPG) will host an informative educational seminar on the upcoming changes to 401(k) plans, the importance of being a fiduciary and 401(k) audits.

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Some owners think their plan is free. It’s important that they know what changes may be coming and what is at stake for their plan.

American Economic Planning Group, Inc. (AEPG) is pleased to announce it will host an informative educational seminar that will benefit plan sponsors, benefit administrators, small business owners and Certified Public Accountants. The agenda will include a discussion on the impact of upcoming changes to 401(k) plans under ERISA 404(a)(5) and 408(b)(2), the importance of being a fiduciary on a 401(k) plan, and what to expect from a 401(k) plan audit.

The seminar will be held on Wednesday, September 14, 2011 from 9:00am to 11:00am at AEPG’s headquarters, located at 25 Independence Boulevard, Suite 102, Warren NJ 07059. The speakers will include Steven Kaye CFP®, CLU, ChFC, RHU, CEBS, AAMS, CRC, President of AEPG; Ed Reaven, AIF, Retirement Planning Director at AEPG; Ary Rosenbaum, JD, an ERISA attorney and founder of The Rosenbaum Law Firm in Garden City, NY; and Donna Massanova, CPA, a Partner and Practice Leader of the Employee Benefit Plan Audit Services group for ParenteBeard LLC, one of the nation’s largest CPA firms.

The seminar will include CPE credits for CPAs.

The owners and executives of many small to mid-sized businesses are accountable as fiduciaries for their companies’ 401(k) plans. “We often see situations where the fiduciaries do not have a solid grasp of exactly how much the plan is paying for 401k related services,” says Kaye. “Some owners even think their plan is free. It’s important that they know what changes may be coming and what is at stake for their plan.” AEPG has provided pension investment and administration services in a fiduciary capacity for over 20 years. Their research and experience in the 401k retirement plan area is extensive.

“The abuses of the retirement plan industry has made me become a leading supporter of 401(k) fee transparency, as well as cutting down a plan’s sponsor cost and potential liability because I know the tricks of the trade,” says Rosenbaum.

Massanova has conducted a series of seminars and has been a frequent keynote speaker at retirement industry meetings. Her areas of expertise include the Department of Labor’s (“DOL”) regulations as well as the implications of new accounting and auditing pronouncements and 403(b) plans to name a few.

To confirm your interest in attending, please contact Ed Reaven at (908) 821-9796 or via email at ereaven(at)aepg(dot)com. Space is limited.

About American Economic Planning Group
American Economic Planning Group, located in Warren, NJ, specializes in wealth management services that include comprehensive financial planning, investment management, individual and group insurance benefits and pension plan advisory solutions.

AEPG is uniquely qualified to take a holistic approach to retirement planning. AEPG creates customized plans for small and mid-sized business owners that can achieve a company’s goals, increase cash balances, and protects and/or grows assets. Many of AEPG’s clients are business owners, doctors, and lawyers who utilize AEPG’s full suite of services (e.g. individual financial planning, life and disability income insurance) to protect their families.

AEPG’s Retirement Plan Solutions division also partners with business owners to design retirement plans that meet the best interests of all the company’s employees. AEPG is an ERISA 3(38) investment fiduciary. The firm manages all types of financial incentive plans as part of a company benefits package, including: 401(k) profit sharing, 403(b), 457(b), Money purchase, Defined Benefit, Cash Balance and Simplified Employee Pensions (SEPs). Recently AEPG was named as one of PLANADVISER's 2010 Top 100 Retirement Plan Advisers.


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Edward Reaven

Steven Kaye's Executive Assistant: Cathy Battista
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