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Evolving EPCRS Plan Corrections: The New Revenue Procedure

When
Wednesday, November 10, 2021
4:30 PM - 7:00 PM
Location
Arden Hills Resort, 1220 Arden Hills Ln, Sacramento, CA 95864

Registration

Members
Non Members – $40.00

Registration is closed

Please join us for our next Chapter Meeting -

Evolving EPCRS Plan Corrections:
The New Revenue Procedure

Mark your calendars -
Wednesday, November 10th | 4:30 pm - 7 pm | Arden Hills Resort

TOPIC DETAIL

A discussion of the latest changes to the EPCRS correction system set forth in Rev. Proc. 2021-30 including:

Expansion of the Self-Correction period for significant failures
Elimination of Anonymous VCP Submissions
Creation of Anonymous Pre-Submission Conferences
Expansion of Overpayment Correction options
Other changes

ABOUT THE PRESENTERS

Scott Galbreath, J.D., LL.M. (Tax)
Murphy Austin Adams Schoenfeld LLP

Scott leads the Employee Benefits and Executive Compensation Practice Team at Murphy Austin Adams Schoenfeld, LLP (MurphyAustin.com). He has more than 30 years of experience representing employers in ERISA, employee benefits, and executive compensation matters.

Born and raised in Chicago, Scott earned his J.D. from IIT Chicago-Kent College of Law as well as an LL.M in Tax with honors from Chicago-Kent. He was recognized as an Illinois Leading Lawyer in Employee Benefits in 2006 by the Leading Lawyer Network. Scott is a former officer of the Chicago Bar Association's Employee Benefits Committee and former Chair of its Executive Compensation Subcommittee.

After practicing law in Chicago for 20 years he moved to California and passed the California bar in 2008. He is a Certified Specialist in Taxation Law by the State Bar of California Board of Legal Specialization and has been recognized by his peers on the Sacramento Magazine “Top Lawyers List” for Employee Benefits for 5 of the last 7 years and for Taxation in 2021. Scott is also a Fellow of the American College of Employee Benefits Counsel, selected for his significant contributions to the advancement of the employee benefits field. For the past 2 years he has served as a judge for the student writing compention for the College. He was also named a Super Lawyer for Employee Benefits in 2021.

Scott is the President of the Sacramento Chapter of NIPA, and serves on the Board of the Sacramento Chapter of Western Pension & Benefits Council. He is a former President of the Sacramento Chapter of the Western Pension & Benefits Council and has served as a member of the Executive Committee of the Governing Board of the Western Pension & Benefits Council. Scott has also served as Chair of the Sacramento County Bar Association's Tax Section. Scott regularly speaks at industry events on new developments in employee benefits and has had articles published in the Journal of Pension Benefits, NYU Review of Employee Benefits and Executive Compensation, BenefitsLink and the California Labor & Employment Review. He is also the author of The Benefit of Benefits blog available at www.thebenefitofbenefits.com.

Marcel Weiland, J.D.
Employee Benefits Law Group

Marcel handles all areas of employee benefits law that impact private sector and nonprofit employers, including ERISA and Internal Revenue Code compliance. He focuses on qualified retirement plans, including ESOPs.

For 20 years, Marcel has helped clients attract and retain the best talent by facilitating meaningful benefits for their employees. By analyzing the business organization along with the benefits and fiduciary structures, he helps clients to e nsure that their benefits align with the company’s strategic plans. Marcel’s comprehensive understanding of benefits designs, laws and regulations allows him to minimize tax and fiduciary exposure while enabling clients to meet their business goals.

Marcel excels in finding creative solutions to correct retirement plan tax qualification and fiduciary issues in the IRS and Department of Labor voluntary correction programs. He has a long track record of limiting cost and exposure for clients in IRS and Department of Labor investigations. He can also solve potential problems with 409(p) anti-abuse testing for S corporation sponsored ESOPs to protect clients from the onerous tax consequences of noncompliance.

Marcel is past president and current board member of the Sacramento chapter of the Western Pension & Benefits Council, a member of the ESOP Association and a member of the American Society of Pension Professionals and Actuaries (ASPPA). He also serves as a member of the ASPPA Government Affairs Committee.

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