BDO Talks ERISA BDO USA

In this episode, our BDO co-hosts are joined by Jim Sinnott, CFP, to discuss what the financial wellness program includes for participants.

In this episode, our BDO co-hosts are joined by TY Parrish - Partner at Cerity Partners and co-author of 401(k) Best Practices A Guidebook for Plan Sponsors. In this podcast, TY discusses the common questions that plan sponsors have and what defines a good advisor and how to navigate in finding an advisor.

In this episode, we discuss the top questions regarding SECURE 2.0.

In this episode, we are joined by Nicole Parnell to discuss the changes to the 2023 Form 5500. The discussion focuses on the changes to the methodology for counting participants in defined contribution plans for purposes of determining eligibility for small plan reporting options:
• What current plan sponsors need to consider for the form and methodology changes
• Timing of the mandatory distributions for terminated participants
• Timing of employer contributions
• Automatic Enrollment required in future for new plans due to SECURE 2.0
• 80 – 120 Participant and Short Plan Year Rules
• Internal Revenue Code Compliance Questions

In this episode, we are joined by Maria Thiel & Blake Head to discuss the world of Employee Stock Ownership Plans (ESOPs) & SECURE 2.0. The discussion focuses on the three provisions in SECURE 2.0 that relate to ESOPs:
• Deferral of tax for certain sales of employer stock to employee stock ownership plans sponsored by S Corporations starting in 2028.
• Certain securities treated as publicly traded in case of employee stock ownership plans.
• Worker Ownership, Readiness, and Knowledge (WORK Act).

In this episode, we are joined by Norma Sharara, BDO Managing Director, National Tax Office, Compensation & Benefits to discuss potential challenges with automatic enrollment and long-term part-time employees, including historical context and expansion to 403(b) plans.