2024-11-13T15:13:55-06:00 2023-12-31 541498950 RENNER AND COMPANY CPA PC 700 NORTH FAIRFAX STREET SUITE 400 ALEXANDRIA VA 22314 990 2023-01-01 521156864 SOCIETY OF PROFESSIONAL BENEFIT ADMINISTRATORS SOCI 3017187722 2 WISCONSIN CIRCLE 670 CHEVY CHASE MD 208157003 ANNE LENNAN PRESIDENT 3017187722 2024-11-13 1 1 ANDREW E YOUNG CPA P01203950 7035351200 2024-11-13 2023 2024-10-15 13:58:12Z ERIC LUDWIG 2 WISCONSIN CIRCLE 670 CHEVY CHASE MD 208157003 1507718 0 X WWW.SPBATPA.ORG X 1975 MD THE ORGANIZATION'S PRIMARY MISSION IS HELPING MEMBERS REACH THEIR FULL POTENTIAL BY PROVIDING INFORMATION AND INSIGHTS RELATED TO EXISTING AND PROPOSED LEGISLATION, REGULATIONS, AND GUIDANCE AFFECTING EMPLOYEE BENEFIT ADMINISTRATION. 9 9 0 9 0 0 0 0 1465191 1414420 174800 93298 0 0 1639991 1507718 0 0 0 0 0 0 0 0 0 1609021 1586163 1609021 1586163 30970 -78445 2470734 2405979 282364 225820 2188370 2180159 SPBA HELPS THIRD PARTY ADMINISTRATORS NAVIGATE A COMPLEX AND EVER-CHANGING EMPLOYEE BENEFITS LANDSCAPE BY KEEPING THEM EDUCATED AND INFORMED WITH THE LATEST INFORMATION. 0 0 SPBA HOLDS TWO MEETINGS EACH YEAR WITH ALMOST 50% OF ALL MEMBER FIRMS REPRESENTED AT EACH MEETING. MEETINGS ARE OPEN TO MEMBER FIRMS AND THOSE TPA'S PRE-DETERMINED TO BE ELIGIBLE TO JOIN SPBA. THE MEETING FOCUS IS ON GOVERNMENT COMPLIANCE AND INDUSTRY TRENDS. COMMUNICATIONS INFRASTRUCTURE-TECHNOLOGY-RELATED COSTS TO MAINTAIN/UPGRADE/REPAIR SOFTWARE AND PROGRAMMING FOR SPBA'S COMMUNICATION INFRASTRUCTURE, INCLUDING THE SPBA WEBSITES, ON-LINE UPDATE, INTERNET-SERVER HOST FOR BROADCAST EMAIL. TECHNOLOGY TRAINING TO OPERATE DRUPAL. AUTOMATIC BACK-UP SERVICES FOR SPBA WEBSITES. HIGH SPEED INTERNET ACCESS. SPECIAL PROJECTS-ALL VARIABLE AND UNPREDICTABLE EXPENSES SUCH AS COSTS TO PARTICIPATE ON GOVERNMENT ADVISORY PANELS OR INDUSTRY GROUPS, INCLUDING FEES AND TRAVEL (E.G., WEDI, IRS IRPAC, ABA). WEDI MEMBERSHIP. 0 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 1 0 0 1 1 0 1 1 0 0 1 1 0 0 0 0 0 0 0 X ANNE LENNAN 3017187722 2 WISCONSIN CIRCLE 670 CHEVY CHASE MD 208157003 X MICHOU REICHELSDORFER CHAIRMAN OF THE BOARD 5.00 X X 0 0 0 KRIS SMITH VICE-CHAIRMAN 5.00 X X 0 0 0 MARC PAULSON SECRETARY/TREASURER 5.00 X X 0 0 0 DAN ROSLOKKEN IMMEDIATE PAST CHAIR 5.00 X X 0 0 0 ANDREA GAMBARDELLA DIRECTOR 5.00 X 0 0 0 RICHARD HARDIN DIRECTOR 5.00 X 0 0 0 STACEY MINTON DIRECTOR 5.00 X 0 0 0 RICHARD MOUSTY DIRECTOR 5.00 X 0 0 0 ERIC SCHULMAN DIRECTOR 5.00 X 0 0 0 ANNE LENNAN PRESIDENT 55.00 X 0 0 0 0 0 0 0 0 0 0 ACL INC 2 WISCONSIN CIRCLE 670 CHEVY CHASE MD 20815 MANAGEMENT AND ADMINISTRATIVE SERVICES 1202032 1 MEMBERSHIP DUES AND AS 900099 818534 818534 ANNUAL MEETINGS 900099 276455 276455 STOP-LOSS SP MEMBERS 900099 120750 120750 MEETING SPONSORSHIPS 900099 85105 85105 SERVICE PARTNER 900099 83376 83376 30200 30200 1414420 93298 93298 1507718 1414420 0 93298 185000 19292 9679 193 1158 279953 11641 GOVERNMENT RELATIONS 397290 MEMBERSHIP EDUCATION 393442 PUBLICATIONS 151000 MEMBERSHIP SERVICES 85814 51701 1586163 254660 400157 711013 51787 2975 1499450 1944684 5611 6376 2470734 2405979 1320 1320 281044 224500 282364 225820 X 2188370 2180159 2188370 2180159 2470734 2405979 -78445 70234 0 X X 0 1 X 1 0 0 1 0 0 MUTUAL FUNDS 1374290 F EXCHANGE TRADED PRODUCTS 195096 F NEGOTIABLE CERTIFICATES OF DEPOSIT 375298 F 1944684 X 1568273 70234 70234 1498039 9679 9679 1507718 1576484 0 1576484 9679 9679 1586163 PART X, LINE 2: IN ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, ACCOUNTING STANDARDS REQUIRE AN ENTITY TO RECOGNIZE THE FINANCIAL STATEMENT IMPACT OF A TAX POSITION WHEN IT IS MORE-LIKELY-THAN-NOT THAT THE POSITION WILL NOT BE SUSTAINED UPON EXAMINATION. MANAGEMENT EVALUATED THE SOCIETY'S TAX POSITIONS AND CONCLUDED THERE ARE NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. ACL INC MANAGEMENT COMPANY FOR SPBA 1202032 THE PRESIDENT (PER SE OFFICER) OF SPBA IS A SHAREHOLDER IN THE CORPORATION THAT PROVIDES MANAGEMENT FOR SPBA. 0 FORM 990, PART VI, SECTION A, LINE 3 A MANAGEMENT COMPANY IS HIRED TO PERFORM THE ASSOCIATION'S DAILY OPERATIONS. THE MANAGEMENT FIRM HAS NO VOTING RIGHTS AND IS UNDER THE SUPERVISION OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS DUES PAYING MEMBERS COMPOSED OF QUALIFIED THIRD PARTY ADMINISTRATIONS BENEFITS FIRMS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS PRESENTS NAMES OF INDIVIDUALS TO BE NOMINATED TO THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS HAS SUPERVISION, CONTROL, AND DIRECTION OF THE AFFAIRS OF THE ASSOCIATION, ELECTS MEMBERS TO THE BOARD, ELECTS OFFICERS OF THE BOARD, HAS DISCRETION IN DISBURSEMENT OF ITS FUNDS, AND ADOPTS RULES AND REGULATIONS FOR THE CONDUCT OF ITS BUSINESS. FORM 990, PART VI, SECTION B, LINE 11B WHEN THE PRESIDENT OF SPBA RECEIVES THE COMPLETED FORM 990 FROM THE BOARD'S CPA FIRM, IT IS COMPARED FOR COMPLETENESS AND ACCURACY TO THE AUDITED FINANCIAL STATEMENTS WHICH HAVE BEEN ACCEPTED BY THE BOARD OF DIRECTORS BEFORE IT IS SIGNED AND MAILED TO THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION C, LINE 18 THE SOCIETY OF PROFESSIONAL BENEFIT ADMINISTRATORS MAINTAINS THE SECTION 6104 FREE PUBLICLY AVAILABLE COPIES OF COMPLETE FORM 990 AND TAX EXEMPTION APPLICATIONS AND APPROVALS ALONG WITH OTHER DESCRIPTIVE MATERIALS SUCH AS ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST TO ASSIST ANY REVIEWER IN UNDERSTANDING THOSE GOVERNANCE POLICIES AND PROCEDURES. FORM 990, PART VI, SECTION C, LINE 19 THE SOCIETY OF PROFESSIONAL BENEFIT ADMINISTRATORS MAINTAINS THE SECTION 6104 FREE PUBLICLY-AVAILABLE COPIES OF COMPLETE FORM 990 AND TAX EXEMPTION APPLICATIONS AND APPROVALS ALONG WITH OTHER DESCRIPTIVE MATERIALS SUCH AS ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST TO ASSIST ANY REVIEWER IN UNDERSTANDING THOSE GOVERNANCE POLICIES AND PROCEDURES. FORM 990, PART XII, LINE 2C THE OVERSIGHT PROCESS AND SELECTION PROCESS HAS NOT CHANGED DURING THE TAX YEAR. THE BOARD OF DIRECTORS SERVES AS THE GOVERNING BODY WITH RESPONSIBILITY FOR AUDIT OVERSIGHT AND SELECTION OF THE INDEPENDENT ACCOUNTANTS.