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June 7, 2012
In This Issue

Earn CE with NIPA: Save 30% on June Webcasts Education
NIPA webcasts are worth two NIPA and two ERPA CE credits each.

Use promo code MAYJUNESPECIAL to receive 30% off all NIPA webcasts in June
Tuesday, June 12, 2012 

This session will review the different types of fiduciary solutions that are being offered in the marketplace, such as: ERISA 3(16) - plan administrator; ERISA 3(21) - ERISA co-fiduciary; ERISA 3(38) - investment manager. The webcast will distinguish between the types and how each is being used to help mitigate plan sponsor fiduciary liability.
Register today!

Managing Participant Loans
Tuesday, June 19, 2012

Many plans permit loans to plan participants. However, these transactions often result in headaches for the TPA! In fact, the IRS has identified loans as one of the most common mistakes in 401(k) plans. With participant loans on the rise, join Stephen Forbes on June 5th for a valuable review of the participant loan rules. This webcast will dive into the intricacies of the participant loan feature in qualified retirement plans
Register today!

Voluntary Correction Programs
Wednesday, June 20, 2012

The Department of Labor's (DOL) Voluntary Fiduciary Correction Program (VFC) and Delinquent Filer Voluntary Compliance Program (DFVC) area couple of the self-correction options that provide plan sponsors with opportunities to address problems in a plan administration short of an actual plan audit.
Register today!

View the full webcast schedule.

The NIPA Advantage: ResourcesTPAresources That Advance Your TPA Business 
NIPA is committed to advancing the business of pension administration by keeping TPA business owners, their firms and their staff ahead of the curve. Check out the TPA Business Owner Resources listed below - available only through NIPA.
Qualify for a 5% annual credit on your premium when you purchase E&O through the NIPA program. If your E&O insurance is $12,000 per year, your 5% credit back will be $600. This benefit alone will pay for your annual membership as a NIPA Business Owner!

Save time and gain valuable industry knowledge with Quarterly Qualified Plan Updates. Your subscription includes a brief, customizable written summary in newsletter format to share with clients and prospects and a recorded webcast featuring unbiased commentary on the latest industry updates each quarter.

An online, 401(k) sales and service training program for financial advisors that will allow your company to grow referrals and improve client services.


If you have any questions, contact NIPA Headquarters at 800.999.NIPA (6472).  

 

DOL Says Open MEPs are Multiple Plans Under ERISAArticle
On May 25, the DOL issued Advisory Opinion 2012-04A with that ruling: Under ERISA, an open MEP is a series of separate ERISA plans, one for each adopting employer.

The most immediate implication of this ruling is that arguably open MEPs must file separate Forms 5500 (or 5500-SF or -EZ) for each adopting employer. If an employer has more than 100 participants, there would need to be a separate audit. This takes away two of the benefits open MEP promoters have long claimed for their arrangement. Source: SunGard Relius

Read the DOL Advisory Opinion.
 
Calendar of Events
TPA Business Owner Resources

401(k) Sales Champion Workshop

 

Quarterly Qualified Plan Update

 

Errors & Omission (E&O) Insurance 

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National Institute of Pension Administrators
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