IRA Supertrain Brochure

2014 IRA Supertrain
Cruise the IRA Seas
June 16–19
New Orleans, LA
August 4–7
Denver, CO
September 8–11
Las Vegas, NV
Come Aboard! We’re Expecting
You at IRA Supertrain in 2014
The IRA department in your credit union has a special role—bringing members
in and creating relationships that are important to the growth of your organization.
At the same time, IRAs generate risk to the credit union because of the compliance
requirements and ever-changing rules and regulations.
Each year IRA professionals attend IRA Supertrain® and gain the valuable skills
needed to assist IRA owners through the challenges of IRA ownership.
Join us as we embark on the SS IRA Supertrain and cruise to three exciting ports in
2014. IRA Supertrain delivers something for everyone—set your course for learning
adventure. Join us for 3 days of IRA training designed to teach you the complexities
of IRAs. After completing IRA Supertrain, you’ll be better equipped to handle your
members’ IRAs.
Our Cruise Director is working hard to bring together an excellent training
opportunity at a reasonable price. Join us in New Orleans at the Renaissance Pere
Marquette beginning June 16; in Denver at the Embassy Suites beginning August 4;
or in Las Vegas at the Bellagio Hotel beginning September 8.
IRA Supertrain kicks off with the optional HSA preconference workshop on Monday.
Monday evening join us for a welcome reception to meet the training team and
fellow participants. Tuesday through Thursday brings superior training led by our
trainers who have years of experience teaching basic to advanced IRA topics.
IRA Supertrain is more than just a training seminar; it’s a way to network with other
IRA professionals and discuss the operations of your IRA programs.
We look forward to seeing you on deck this summer!
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Associate Track
The Associate Track provides a strong knowledge base of IRA
fundamentals. Increase your confidence when answering your
members’ IRA questions.
Intended audience
The Associate Track is for those who are new to IRAs, back-up the IRA
specialist at your credit union, or want an IRA basics refresher.
Core modules
IRA Fundamentals
■
Benefits of an IRA
■
IRA Eligibility
■
Opening an IRA
IRA Contributions
■
Contribution Limits
and Deadlines
■
Prior-Year Contributions
■
Rollover Contributions
■
Transfer Contributions
■
Retirement Plan
Rollovers
IRA Distributions
■
Withholding
■
Early Distribution
Penalty Tax
■
RMD Overview
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Expert Track
With a heavy focus on IRA compliance, this track provides all the tools you
need to handle complex IRA questions. The Expert Track covers advanced IRA
topics, relevant regulatory information, and operational responsibilities for
your credit union.
Intended audience
The Expert Track is for those with a solid IRA knowledge base. Choose this
track if you want to expand your skills or get up-to-speed on regulatory
information that applies to your credit union.
Core modules
RMDs
■
■
■
■
How to Calculate
Defining Life Expectancy
RMD Setup
RMD Changes
Death Claim Overview
■
Processing the Claim
■
Beneficiary Options
IRA Distributions and Portability
■
Withholding
■
Transfers and Rollovers
■
Conversions
Correcting Excess Contributions
■
Methods to Correct an
Excess Contribution
■
Correction Deadline
■
Processing the Transaction
Income Attributable
■
Calculation
■
Defining the Computation
Period
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Leadership Track
The Leadership Track helps you optimize your program operations, enhance
staff development and grow your credit union’s IRA program. This track focuses
on the credit union’s compliance with IRS regulations as well as “best practice”
operational procedures. You will walk away with tools and information you can
implement immediately at your credit union.
Intended audience
The Leadership Track is for those who supervise or make business decisions
regarding their credit union IRA program.
Core modules
RMDs
■
How to Calculate
■
Defining Life Expectancy
■
RMD Setup
■
RMD Changes
Death Claim Overview
■
Processing the Claim
■
Beneficiary Options
IRA Account Transactions
■
Establishing IRAs
■
Processing Contributions
■
Handling IRA Account
Information
■
Processing Withdrawals
■
Credit Union Liabilities
IRA Operational Processes
■
Developing Operational
Processes
■
Training IRA Staff
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Optional Preconference Workshop
Monday
1:00 – 5:00 p.m.
HSA Workshop
Health savings accounts (HSAs) continue to gain in popularity. This course
provides a great overview on the need-to-know information to support
your members. Our expert training staff will provide you with a systematic
understanding of the entire HSA process. You will leave this session with the
tools needed to handle your members’ HSAs.
Elective Sessions
Choose the electives that interest you. For more details on the following
electives, visit www.irasupertrain.com.
Wednesday
1:15 – 2:30 p.m.
Scheduled Payments Before the RMD (E, L)
Perhaps you are familiar with handling RMD payments and you know all
about the life expectancy tables. But what happens when an IRA owner
decides he wants to start taking scheduled payments before he reaches age
70½? This session will look at how scheduled payments work before age 70½,
including 72(t) payments and optional scheduled payments. This session also
will discuss when an IRA owner is required to take an RMD.
Simplified Employee Pension (SEP) Plans (E,L)
Although SEP plans are easy to administer and relatively inexpensive to
establish and maintain, many small businesses are unaware that they even
exist. Offering to administer SEP plans can be a great way to establish
relationships with small businesses.
Learn how a SEP plan can
help members (or your credit
union) avoid the extensive
recordkeeping and reporting
requirements that often make
traditional retirement plans
too expensive for small
businesses.
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Wednesday
1:15 – 2:30 p.m.
RMD Advanced Issues for Fully-Administered Credit Unions (E, L)
For most credit unions, processing RMDs is a monthly task. Most RMDs are
straightforward and do not require a lot of time. This session focuses on
advanced RMD issues and how to use the Ascensus tools for processing
RMDs. And also learn how to establish payments in IRAdirect, make changes,
and verify that the tax reporting is completed properly.
Wednesday
2:45 – 4:00 p.m.
Death Claim Special Issues (E, L)
IRA regulations can be complicated, especially when it comes to handling IRA
transactions after an IRA owner’s death. This course outlines specific issues
that may arise when processing a death claim and how it affects beneficiaries.
IRA Compliance Special Issues (E, L)
After you feel comfortable with basic IRA transactions, including contributions,
distributions, and death claims, attend this session for information on a variety
of IRA topics, such as distributions to creditors, IRA tax credits, incentives to
IRA owners, and military rollovers. You won’t want to miss this fast-paced
session.
Thursday
1:15 – 2:30 p.m.
Basic Tax Reporting for Fully-Administered Credit Unions (A, E, L)
This session provides a basic overview of tax reporting. Main topics include:
how to submit tax reporting information to Ascensus, when tax statements are
produced, how to make tax statement corrections, and how to read the tax
reporting information reports.
Advanced Tax Reporting for Fully-Administered Credit Unions (A, E, L)
This session examines other parts of tax reporting that create questions at the
credit union includes: address changes, making changes before the deadline,
two-part corrections, IRS-only statements, and duplicates. We also will review
error reports, discuss how to read those reports, and explain how to resolve
those errors.
Tax Reporting for Self-Administered Credit Unions (A, E, L)
This session provides you with a basic overview of tax reporting. Main
areas of focus include: the three types of reporting, the credit union’s
responsibilities for preparing tax information, and reporting to IRA owners
and the IRS.
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Thursday
2:45 – 4:00 p.m.
IRA Owner Tax Forms and You (A, E, L)
Each year IRA owners are required to file IRS Form 1040 to complete
their tax return. Even though Form 1040 is not a form you consult on,
certain IRA transactions affect their tax return. This session includes a
discussion on what forms members are required to file regarding certain
IRA transactions according to IRS rules and regulations.
Correcting Tax Forms (A, E, L)
Mistakes happen. This session addresses how to correct tax forms,
including Forms 5498 and 1099-R. We cover how to make those
corrections and submit to the IRS, IRA owner, and possibly the state
department of revenue. Deadlines, and all associated paperwork, also
are discussed.
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Certified IRA Specialist Program
Earning the designation of Certified IRA Specialist (CIS) is a formal
recognition of your IRA expertise. To learn how you can become certified,
visit www.irasupertrain.com and click on the “IRA Specialist Certification.”
Choose from three levels of certification.
Associate Certification
This certification shows proficiency in basic IRA transactions. After obtaining
this certification, you will be able to complete all essential IRA transactions
and successfully help members with their basic IRA needs. Topics that you
will be tested on include opening IRAs, contribution rules and deadlines,
Traditional and Roth IRAs, distribution rules, federal tax withholding, and basic
IRA tax reporting.
Expert Certification
This certification shows expertise in a broad range of IRA transactions. After
obtaining this certification, you will be able to complete a variety of advanced
IRA transactions, including excess contribution corrections, recharacterizations,
rollovers and transfers, RMDs, and conversions. You also will have a clear
understanding of death claim processes and withholding.
Leadership Certification
This certification shows expertise in a broad range of IRA transactions and
competence at leading an IRA program. Topics to be tested on include credit
union liabilities, staff development, RMDs, death benefits, and withholding.
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Ports of Call
If you would like to stay at our training site, you will receive a link to the
hotel with your registration confirmation or you can call the numbers listed
below.
IRA Supertrain 2014 begins on Monday afternoon with the optional HSA
preconference workshop followed by a welcome reception and registration.
IRA Supertrain sessions run Tuesday and Wednesday from 8:00 a.m. to 4:00
p.m. and Thursday from 8:00 a.m. to 5:00 p.m.
Hotel expenses, airfare, and meals other than those listed herein are
the responsibility of each participant. When registering for your hotel
accommodations, identify yourself as an IRA Supertrain participant to receive
the negotiated room rates. This year’s workshops may fill quickly, so be sure
to register for your workshop before making hotel and airline reservations.
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June 16-19, 2014
Orleans,
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August 4-7, 2014
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Embassy Suites Denver –
Downtown Convention Center
1420 Stout Street, Denver, CO 80202
(303) 592-1000
Cabin rate: $199 single/ $214 double
September 8-11, 2014
Vegas, N
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Renaissance Pere Marquette
817 Common Street, New Orleans, LA 70112
(504) 525-1111
Cabin rate: $139 single/double
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Bellagio Las Vegas
3600 S Las Vegas Blvd, Las Vegas, NV 89109
(702) 693-7111
Cabin rate: $169 single/double
(includes resort fee–$25 value)
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Registration Fees
The full IRA Supertrain registration fee includes continental breakfast,
refreshment breaks, and lunch Tuesday through Thursday. Takeaways
include a manual, complete with training exercises and helpful job aids.
Registrations received without payment WILL NOT be processed and are
considered incomplete until the full payment is received.
Registration Confirmation
All paid registrations will be confirmed by email. It is important to indicate
the proper email address on your registration. Please call Ascensus at
800-356-9140 if you do not receive a confirmation email.
Pricing
Early Bird Rate (December 1 – February 28, 2014)
First attendee:...............................................................................$1,250
Additional attendees:...................................................................$1,045 each
Regular Rate (March 1 – September 9, 2014)
First attendee:...............................................................................$1,350
Additional attendees:...................................................................$1,095 each
Certification Exam:...................................................................$275
Monday HSA Pre-Conference Workshop (optional):.........$250
Fast Track
(IRA University + IRA Supertrain Expert Track + Certification Exams):
......................................................................................................$2,445
Cancellation and refund policy
You may cancel your registration in writing 14 days prior to the program date for a full refund.
After that time, cancellations are subject to a 25 percent service charge of registration fees paid.
No refund will be granted if you cancel seven days or less before the program begins, unless
your reservation can be filled from a waiting list; then, only the 25 percent fee would apply.
Substitutions are accepted at any time. The IRA Supertrain workshops are not intended as tax
or legal advice. Attendance is limited to credit union and credit union league employees.
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Cruise Itinerary
Monday
June 16, August 4, September 8
1:00 p.m. – 5:00 p.m. HSA Workshop
5:00 p.m. – 6:00 p.m. Welcome Reception
Tuesday
June 17, August 5, September 9
7:30 a.m. – 8:00 a.m.
8:00 a.m. – 8:20 a.m.
8:30 a.m. – 12:15 p.m.
12:15 p.m. – 1:15 p.m.
1:15 p.m. – 4:00 p.m.
Continental Breakfast*
Opening Remarks
Core Track (Associate, Expert, Leadership)
Lunch
Core Track (Associate, Expert, Leadership)
Wednesday
June 18, August 6, September 10
7:30 a.m. – 8:00 a.m.
8:00 a.m. – 12:15 p.m.
12:15 p.m. – 1:15 p.m.
1:15 p.m. – 2:30 p.m.
2:45 p.m. – 4:00 p.m.
2:45 p.m. – 4:00 p.m.
Continental Breakfast*
Core Track (Associate, Expert, Leadership)
Lunch
Elective Sessions
Core Track (Associate only)
Elective Sessions (Expert & Leadership only)
Thursday
June 19, August 7, September 11
7:30 a.m. – 8:00 a.m.
8:00 a.m. – 12:15 p.m.
12:15 p.m. – 1:15 p.m.
1:15 p.m. – 2:30 p.m.
2:45 p.m. – 4:00 p.m.
4:00 p.m. – 5:00 p.m.
Continental Breakfast*
Core Track (Associate, Expert, Leadership)
Lunch
Elective Sessions
Elective Sessions
Closing Celebration
* Denver participants will have breakfast supplied by the Embassy Suites
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Register today and join us!
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IRA Supertrain® is a registered trademark of Ascensus, Inc.
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