Employee benefit

conference 2020

May 19, 2020
7:15 a.m. - 4:00 p.m.

CPE Credits: 4-A&A, 1-Tax, 3-Other • PICPA Member: $345  -  Nonmember: $445

To provide a regulatory update and cover new standards and challenges affecting employee benefit plans and practitioners.

“I need this conference to remain on top of changes, developments, and best practices.”

Corinne Sheridan, CPA
Brown Schultz Sheridan & Fritz CPAs

2020 Conference Agenda

7:15 a.m.
Log in to Webcast
7:45 a.m.
Greetings from PICPA Leadership
8:00 a.m.
New AICPA Standards
  • Overview of SAS No. 136, Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans, including an analysis of the new form and content of employee benefit plan auditors’ reports
  • New accounting and auditing guidance applicable to employee benefit plans
  • Hot topics surrounding SOC reports and common peer review findings


David A. Torrillo, CPA, ABV, CVA
Managing Member
Torrillo & Associates LLC
JulieAnn C. Verrekia, CPA
Director of Quality Control
Torillo & Associates LLC
9:40 a.m.
9:55 a.m.
Enhancing Audit Quality: Employee Benefit Plan Update
  • How the AICPA’s Enhancing Audit Quality Initiative is changing the practice landscape for employee benefit plan audits
  • AICPA enhanced oversight findings
  • Areas of focus in 2020


Allison M. Henry, CPA, CGMA
Vice President, Professional & Technical Standards
Pennsylvania Institute of CPAs
10:45 a.m.
Department of Labor Update 

Critical updates from the Department of Labor and enforcement initiatives


Robert A. Lavenberg, CPA, JD, LLM

DOL Speaker TBD

11:35 a.m.
12:25 p.m.
Fiduciary Responsibilities of Plan Sponsors
  • How to choose a third-party adviser and understanding the difference between fiduciary 3(21) & 3(38)
  • Paying reasonable expenses for the plan, including benchmarking fees and performance of plan against industry averages
  • Maintaining adequate fidelity bond coverage
  • Administrative responsibilities and timely and correct depositing contributions
  • Safeguarding clients’ assets
  • Cybersecurity - What to look for, suggested procedures, access to plan data, personal information and financial data


Thomas Murphy 
Thomas M. Murphy
Senior Vice President
Bridgeway Wealth Partners LLC
1:15 p.m.
How to Create and Manage a Cybersecurity Program That Fits Your Organization
  • Key components of a cybersecurity program
  • Implementing cybersecurity controls
  • Incorporating privacy into our cybersecurity program


Eric Cortese 
Eric Cortese, CISA
Baker Tilly Virchow Krause LLP
2:05 p.m.
2:20 p.m.
2020 IRS Compliance Update and the SECURE Act
  • How the SECURE Act will affect the establishment of new qualified retirement plans
  • Effects of the SECURE Act on the administration of retirement plans
  • Why the elimination of the non-elective safe harbor notice under the SECURE Act may be a trap for the unwary
  • Changes to plan documents under the SECURE Act and other pronouncements from the IRS


Ken Marblestone 
Kenneth Marblestone, JD
The MandMarblestone Group LLC
3:10 p.m.
Risks Associated with Other Plan Types and Non-401(k) Plans
  • Risks associated with other plan types that are not the traditional 401(k) plans, including 403(b) plans, defined benefit plans, employee stock ownership plans, and health and welfare plans
  • Similarities and differences between 401(k) and 403(b) plans
  • Overview of risks relating to defined benefit plans and frozen plans
  • Recent Department of Labor findings on ESOP investigations


Joanne Szupka, CPA
Director, Regional Practice Leader - Audits of Employee Benefit Plans
4:00 p.m.
See You Next Year

 “The depth of knowledge and real-world examples provided at this conference are applied to my firm's EBP client base.”

Kyle Levengood, CPA, CFE
Herbein + Company Inc.


CPE Credits: 4-A&A, 1-Tax, 3-Other

Level: Update
Prerequisites: None

CLE Credits: This conference has been submitted for 8-Substantive CLE credits. Attorneys requesting CLE credits must include an additional $50.


Malvern Course No. 668700
Webcast Course No. 668701

PICPA Member $345
Nonmember $445
ClassPass 8 hours
CLE Credits $50

ClassPass      flexAccount200x75

Use your ClassPass, ClassPass Mini, or Flex Account to register. Find more information about PICPA discounts.


Penn State Great Valley
Conference Center Building - Map It
30 E. Swedesford Rd.
Malvern, PA 19355
(610) 648-3200

Overnight Accommodations:
Please contact the Desmond Malvern a DoubleTree by Hilton at (610) 296-9800 and identify yourself as a PICPA conference participant to receive the discounted rate: $179 single/double.

Sponsor this Conference!
Contact Kelli Comegys at kcomegys@picpa.org for details.