Back ground: Effective for plan years beginning after December 31, 2006, the IRS proposed regulations under Code Sec. 401(a)(35) which had a significant impact on diversification requirements for defined contribution plans and public employer securities. The regs most significantly affected issues such as: Divestment rights, Employee Stock Ownership Plan “ESOPs”, Pooled investment vehicles, and Restrictions on: diversification rights, employer securities, Benefits, Elections, Direct/Indirect restrictions.

Effective on or after January 1, 2009, The Treasury Department and IRS released REG-136701-07 These were intended to clarify the scope of the rule with respect to restriction, and expanded definitions of when employer securities are traded in an official securities market.

Fast forward to Q4 2009 and companies are still grappling with this issue. The Knowledge Group is assembling a panel of plan experts to help plan sponsors & companies understand what’s new and how to comply. The speakers will share their expertise in a two-hour LIVE Webcast which will include a live Q&A opportunity for the audience and a best practices panel.

Course Level: Intermediate Prerequisite: None Method Of Presentation: Group-Based-Internet Developer: The Knowledge Conference Recommended CLE/CPE Hours: 1.75 - 2.0 (Please note, your State Bar or Accounting Board will make the final determination with respect to continuing education credit. If you are applying for CLE credit in Texas you must register 20 days before the event date.) Advance Preparation: Print and review course materials Course Code: 093886 Course Fee: $199 - $299 NASBA Sponsor Number: 109004