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Compensation - The Foundation Web Seminar (Archived Event)
Presentor: S. Derrin Watson, J.D., APM Recorded Date: 4/17/2007 Duration: 100 Min.

Description

This program was recorded during a live presentation on April 17, 2007.

This pre-recorded Web seminar gives you complete details on the new compensation rules and how they affect you.

Little is more fundamental to plan administration that correctly determining the compensation of employees. Yet it is a widely misunderstood topic, as the one word, "compensation," can mean many different things, even within a single plan, depending on the context of the situation. Misstating compensation can result in IRS Code Section 415 violations, nondeductible contributions, incorrect allocations, and prohibited discrimination. Strict adherence to a single definition of compensation can take away valuable tools, which can lower costs and simplify administration.

This program gives the audience a clear understanding not only of what you must do, but also what can be done in dealing with this basic computation. It also addresses IRS proposed regulations on post-severance compensation.

What You'll Learn

Important topics to covered in this program include:

  • 415 Compensation - The Foundation
    • Current Income
    • W-2
    • Tax Withholding
    • Post-Severance
    • Timing Issues
  • Nondiscriminatory Compensation - The Flexible Standard
    • Gross or Net
    • Reasonable Definitions
    • Compensation Ratio Test
    • Compensation While a Participant
  • Earned Income - Compensation for the Self-Employed
  • Compensation Limitation
  • How Compensation Is Used in Different Situations
    • 415 Limits
    • Deductions
    • Top Heavy
    • Nondiscrimination Testing
    • Gateway Minimums
    • Safe Harbor 401(k) Plans
    • Allocations
    • Eligibility
    • Alternatives in Testing Compensation
    • Practical Problems of Alternative Definitions
    • Compensation in Controlled Groups and Multiple Employer Plans

Speaker – S. Derrin Watson, J.D., APM
Recipient of the 2006 ASPPA Educator's Award

Instructional Delivery Method
Group – Internet-Based

Prerequisite
There are no prerequisites for this program. The course is designed for someone new to the business, but will also have insights valuable to experienced practitioners.

Level - Overview

System Requirements
  • Windows 95, 98, NT 4.0 , 2000, XP
  • Internet Explorer 4.01 or later, Netscape 4.08 or later
  • 56K modem connection or better (128K recommended)
  • Pentium 166+ MHz, 128MB RAM or more
  • 800x600 or higher display resolution
  • Soundcard, Speakers

Recorded Event Time Limitation:
This recorded event will be available for 20 days from your date of registration.

Program related requests, questions, or concerns may be e-mailed to: WebTechSem@relius.net

 


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