FIS Relius

This program was recorded during a live presentation on June 16, 2009.

The Treasury has released proposed regulations, on which taxpayers may rely, giving employers experiencing financial hardships the ability to suspend their safe harbor nonelective contributions without terminating the entire plan. While many employers will welcome the new option, others will find it surprisingly risky, given regulatory limitations.

The preamble to the regulations discusses some consequences of the exiting rules which practitioners hadn’t fully understood before. In doing so, they join the recently issued automatic contribution regulations, which make important contributions to our understanding of 401(k) plans in general and traditional as well as QACA safe harbor arrangements.

Our June 16 Web seminar discussed these developments, as well as recent court decisions affecting a trustee’s duty to collect contributions and the value of Code §404(c). If you want to stay on top of the cutting edge of 401(k) plans, you need to purchase this archived web seminar, which includes discussion of:

• Safe harbor exiting rules
  • Existing rules for safe harbor match
  • New rules for safe harbor nonelective
  • New notice requirements
  • Effect of exiting on compensation and top-heavy
  • Comparison of exiting with “maybe notice” and plan termination
  • Definition of substantial business hardship
• Safe harbor notice requirements
  • Timing requirements in general
  • New options for new participants
  • Potential new content
• Cancelling deferral elections
  • What it means
  • How to do it
  • Why do it
  • When to do it
• Duty to collect contributions
  • FAB 2008-1
  • Recent court decision
  • What to do from here
  • 404(c) protection
  • John Deere decision
  • Comparison with other circuits and DOL position
  • Maximizing protection
• Reliance on documents
  • Supreme Court Kennedy decision
  • Sponsor options

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

Instructional Delivery Method
Group – Internet-Based

Prerequisites
The instructor will assume that attendees understand the basics of 401(k) and safe harbor 401(k) operation.

Level - Intermediate.

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: relius.education@sungard.com.