Form 5500: Qs & As With the DOL

Are you involved in the preparation or review of Form 5500: “Annual Return/Report of Employee Benefit Plan?”  If so, this recently broadcast Webcast on Demand:

• addresses some of the common errors when preparing Form 5500
• discusses a number of frequently asked questions about Form 5500
• shows you what your colleagues are asking the panel of experts from the DOL and CPA practitioners about form 5500

Note: The Webcast on Demand will be viewable immediately after completing the purchase process. Access instructions will be shown on the Order Confirmation Screen and also included in the Order Confirmation Email.

Presenters:

Riquita Quarterman
Pension Auditor, Division of Accounting Services
Office of the Chief Accountant, Employee Benefits Security Administration, U.S. Department of Labor

Jason E. Russell, CPA
Senior Manager, Global Employment Services
Deloitte Tax LLP

Debbie Smith, CPA
National Partner,
Employee Benefit Plans

Moderator:
John F. Hudson, CPA
President
Hudson Consulting Group, LLC

Ms. Quarterman has over twelve years of experience as an auditor, the last six of which have been with the U.S. Department of Labor.  Her responsibilities include:  Designing Form 5500 processing procedures; serving as one of the principal EBSA contacts and trainers for the Form 5500 telephone Help Desk in Lawrence, Kansas; and participating on the Form 5500 revision committee. Ms. Quarterman is also responsible for providing ERISA-related technical assistance to plan filers and plan professionals.

Prior to working with the Department of Labor, Ms. Quarterman worked in both the public and private accounting industries, where she gained valuable ERISA and Form 5500 experience.   Ms. Quarterman graduated from the University of the District of Columbia having earned a B.S. in accounting.

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Jason E. Russell, CPA
Relevant Experience

Jason has been with Deloitte & Touche for eight years, working with a variety of Fortune 500 and closely held corporate, technology, and retail clients.  Jason consults on a variety of benefits issues, including the golden parachute aspects of mergers and acquisitions, executive compensation, deduction limitations under Section 162(m), qualified and nonqualified retirement plans, equity compensation, fringe benefit, and welfare benefit arrangements.  In addition to the income inclusion and corporate deduction of elements in the above areas, Jason consults on the income and payroll tax withholding/reporting requirements in these areas.

Selected Clients Served

EDUCATION
LL.M., Taxation, Georgetown University Law Center, with distinction
J.D., Pepperdine University School of Law, cum laude
B.S., Accounting, Lipscomb University, summa cum laude

jasrussell@deloitte.com 415-783-5376

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Debbie Smith is a national partner in employee benefit plan assurance with over 20 years of experience in auditing benefit plans and has practiced exclusively in this area for the past 12 years. Her knowledge base and years of experience allow her to effectively and efficiently oversee the execution of an audit while providing meaningful recommendations upon completion of the work. She is one of Grant Thornton LLP’s most knowledgeable specialists in employee benefit plans, and assists with national office initiatives in the area of employee benefit plans, including assisting in the development and teaching of in-house training programs. She serves as a technical resource for her firm on employee-benefit-plan auditing, accounting and reporting issues, and is the Firm’s designated audit partner who has firm-wide responsibility for the quality of the Firm’s ERISA employee benefit plan audit practice. As part of her leadership in the employee benefit plan area, Debbie represents Grant Thornton LLP through her active involvement in various AICPA committees, including the AICPA’s Employee Benefit Plans Expert Panel, Audit Guide Revisions Task Force, Audit Guide Overhaul Task Force and Technical Standards Subcommittee of the Professional Ethics Committee. She is also a frequent speaker at industry conferences on employee benefit plans.

Debbie is a native of the western suburbs of Chicago. When not working, Debbie enjoys spending time with her husband and four young sons, and participating in the numerous activities her sons are involved in.

Education
Bachelor of Business Administration in Accounting, Loyola University

Affiliations
American Institute of Certified Public Accountants
Illinois CPA Society

debbie.smith@gt.com 630-873-2518

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John F. Hudson, CPA is the President of Hudson Consulting Group, LLC. Prior to founding Hudson Consulting Group, LLC in 2002, John was one of the original founders of CPA2Biz, Inc., the exclusive marketing agent of the American Institute of CPAs. John has more than 25 years experience in the practice of public accounting, business strategy, product development and entrepreneurship.

Hudson Consulting Group, LLC, provides business & product strategy consulting services to CPA firms and organizations serving the CPA profession. Previously, John served in a number of senior capacities at CPA2Biz, Inc. including leading corporate strategy, managing a multi-million dollar business unit, and leading the organization's corporate marketing and communications efforts. Prior to CPA2Biz, John served as the Chief Knowledge Officer and in various senior business and technical roles at the AICPA. He also spent 15 years at KPMG, one of the nation's leading accounting and consulting firms.

An authority on the evolution of the accounting profession and the challenges faced by CPAs, John regularly speaks on issues of concern to CPAs. He has been quoted in leading business publications, including The Wall Street Journal, The Wall Street Journal - Europe Edition, The Cleveland Plain Dealer, Bloomberg Business News and virtually every trade publication addressing the CPA profession.

John is a member of the American Institute of CPAs and a former member of the U.S. delegation to the International Accounting Standards Board and the Journal of Accountancy Editorial Advisory Board. He is also a member of the Advisory Board of the Graduate School of Business at Florida State University

John is a Certified Public Accountant [CPA] and holds a Master of Business Administration [MBA] degree from Florida State University and a Bachelor of Arts degree from the University of West Florida.

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Webcast-On-Demand System Requirements

Though AICPA Online Learning will operate in a variety of configurations, only the configuration described below is supported by our technicians:

• Microsoft Windows 2000 or XP operating systems, or later versions
• Macromedia Flash 6 or higher
• Adobe® Reader® 7 or higher
• One of the following browsers: 
  • Microsoft Internet Explorer 6 or higher 
  • Mozilla Firefox 1.5 or higher