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Event Details

    September Dinner Meeting

    Date: September 12, 2011, 5:30pm – 8:00pm
    Hyatt Regency Princeton, Carnegie Center, Rt. 1.
    Networking & registration begins at 5:30pm, meeting starts at 6:00pm.
    Pre registered members $40 and non members $50; All walk-ins add $10.
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    ***Approved for 1.5 GENERAL recertification credits by the HR Certification Institute*** 

    REGISTER & PAY:   Registration for this meeting is now closed.  Walk-ins are always welcome!  $50 for members and $60 for non-members.

    Ready, Set, Go - Prepare for the new 401(k) rules!

    Presented by:

    Mark Mensack, Managing Director and Chief Ethics Officer, Piedmont Independent Fiduciaries

    Program Overview

    In April 2012 two new 401k fee disclosure regulations take effect, Rule 408(b)(2) and Rule 404(a)(5). While some believe that these new regulations will provide transparency, help protect plan fiduciaries and ensure that the interests of 401k participants are protected, this is not necessarily the case. Unfortunately, the real burden is still on the plan sponsor to understand and evaluate fee information that is disclosed within pages of legalese.  Failure to understand or failure to accurately provide information to plan participants can result in significant fines and penalties – penalties for which YOU might be responsible!  This session will outline the requirements of these new regulations, identify the challenges to the plan sponsor, and explain some of the tools available to help plan sponsors successfully protect themselves and their participants.

    We promise a lively and interactive evening, and useful information that you cannot afford to be without!

    About the Speaker

    Mark D. Mensack is a Managing Director and the Chief Ethics Officer of Piedmont Independent Fiduciaries, a Fee-only SEC Registered Investment Advisory firm. 

    As an independent fiduciary, Mark’s objective is to protect and enhance the retirement income security of retirement plan participants. Mark embraces the fiduciary standard with all of his clients and formally assumes ERISA 3(21)(a)(ii) and ERISA 3(38) fiduciary status for retirement plan sponsors.  As Piedmont’s Chief Ethics Officer, Mark focuses on the ethical imperative of fiduciary responsibility to educate plan sponsors and other fiduciaries on their fiduciary duties.  Mark also consults with the Business Integrity Alliance (BIA) on ethical and fiduciary issues within the governance and risk management arena, serves as a subject matter expert in fiduciary lawsuits involving hidden and hard to find fees within 401k plans, and has been nominated to serve on the NJ District IV Legal Ethics Committee for Gloucester and Camden Counties.

    Mark is a Regional Fiduciary for the National Retirement Security Plan, and was named a Five Star Wealth Manager by Philadelphia Magazine which places him in the top 4 percent of the 15,000 wealth managers in the Philadelphia area.

    Mark currently serves on the Board of Trustees for the West Point Society of Philadelphia, and has served on the Boards of the University of Scranton, USO of Pennsylvania & Southern New Jersey, and the Camden County College Foundation.

    Our Non-Profit Organization Guest Speaker

    Many of our dinner meetings feature a presentation from a local non-profit organization.  Our guest speaker this month will be Russ White from the Boys & Girls Club Bike Exchange.  For more information on this organization, please click here.