Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2025 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
As employers attempt to attract talent in a tight labor market, expanding benefits such as retirement planning saving opportunities may be crucial. However, small businesses may struggle with justifying the cost of implementing these opportunities. Pooled Employer Plans, also known as Multi-Employer Plans, allow unrelated businesses to participate in a single retirement savings structure managed by a third party. By outsourcing and consolidating the fiduciary obligations related to offering a retirement plan, businesses can reduce costs and potential liability. This course will provide an overview of Pooled Employer Plans, their application, and how you can advise clients interested in joining one of these plans.
Publication Date: September 2022
Designed For
Attorneys, CPAs, and Enrolled Agents.
Topics Covered
- History and Origin of Multiple Employer Retirement Plans
- Taft-Harley Plans & Multiple Employer Plans
- Benefits of Retirement Plans
- Differences among MEPs, PEPs, and DCGs
- Procedures of Creation & Participation
- Costs and Benefits to Employers
- Role of the Plan Organizer/Administrator
- Changes Initiated by the SECURE Act & Proposed Future Changes
- Planning ideas for small businesses
Learning Objectives
- Describe the background of Pooled Employer Plans and the justification for these plans compared to traditional retirement opportunities
- Recognize how to explain the requirements for an employer to join a Pooled Employer Plan
- Recognize and analyze the potential benefits of a Pooled Employer Plan in comparison to more traditional retirement opportunities
- Identify how to recommend retirement plan opportunities to small business clients
- Identify the average cost of the annual Form 5500 filing
- Identify the IRC that governs Taft-Harley plans
- Identify another term for the Unified Plan Rule
- Identify the first state to pass legislation establishing a MEP
- Identify the plan created by the SECURE Act of 2019, that has a goal to reduce audit requirements (and costs) by combining multiple plans in a single Form 5500
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
Instructor
Klaralee R. Charlton
Klaralee Charlton is a Partner at 3i Law in Denver, Colorado. She practices fiduciary tax, estate administration, and business transactional law. As part of her practice, she guides clients through the process of administering a loved one’s estate including the collection, valuation, management and transfer of assets including financial accounts, real estate, and business interests with a focus on minimizing estate and income tax liability. Klaralee also works closely with trustees of ongoing trusts to ensure compliance and prepares clients’ fiduciary income tax returns annually.
Klaralee has written and lectured on topics including estate and gift tax, fiduciary income tax reporting and U.S. regulations governing the valuation of small family businesses. She is an active member of the Colorado Bar Association, Tax Section and Adjunct Profession at the University of Denver, Graduate Tax Program.
She earned her J.D. in 2011 from the University of Utah, S.J. Quinney College of Law, her LL.M. in Tax Law from the University of Denver in 2013, and her B.A. in political science in 2009 from Bryn Mawr College. She is admitted to practice in both Colorado and Montana.