SunGard Relius

Administering participant loans is one of the least rewarding and most challenging aspects of retirement plan practice. Many practitioners would just as soon eliminate loans from the plan. However, loan features continue to be one of the more popular plan features.

In today’s difficult economic times, loans have become an important necessity. Participant loans affect plans in many ways: prohibited transaction rules, deemed distribution rules, Forms 1099-R and 5500 reporting, plan asset rules, and more.

Administering participant loans also raises difficult practical issues, such as terminating payroll withholding agreements, correcting a failure to withhold, loan refinancing, calculating adjustments to the $50,000 limit, delinquent deposits of loan repayments, effect of plan termination and the death of a participant.

Join Stephen Forbes in this 100-minute Web seminar as he helps you gain a better understanding of all the ins and outs of plan loans.

What You'll Learn

• Calculating loan limits
• Adjustments to loan limits
• Date for determining valuation
• Loan refinancing
• Grace period
• Reporting defaults
• Deemed distribution vs. loan offset
Phantom interest
• Offset following deemed distribution
• Leaves of absence policies
• Current employee limitation
• Eliminating of Reg. Z
• Loan acceleration
• Loan minimums
• Maximum Loan Amount
• Delinquent deposit of loan repayments
• Excise tax calculation
• Impact of bankruptcy
• Impact of death

Prerequisites: There are no prerequisites or advance preparation for this program.

Level: Intermediate

Instructional Delivery Method
Group – Internet-Based

Speaker: Stephen W. Forbes, J.D., LL.M.
Vice President – Relius Education

Objectives:
After attending this Web seminar, attendees will be able to:

• Distinguish between defaulted loans that are deemed distributions and those which are loan offsets.
• Calculate the $50,000 limit under the 12-month lookback rule.
• Report and correct delinquent deposits of loan repayments.
• Determine the proper interaction of the bankruptcy laws and the loan requirements.
• Design a loan policy that reflects the employer’s wishes and complies with the laws.
• Determine how to apply the exceptions to the refinancing rules.

How To Participate
You will need a phone (speakerphone, for multiple participants sharing the Primary registrant’s authorized connection) and Internet Access. The graphics presentation and illustrations will be viewed via the Primary registrant’s Web connection, while the speaker audio portion will be via the Primary registrant’s telephone.

Select the "Fees" link on the right side menu of this page for more information about who is authorized to connect to the program.

Program Schedule (Eastern Time)
Tuesday, July 12, 2011
2:00 p.m. to 3:40 p.m. Eastern Time
(1:00 p.m. CT; 12:00 p.m. MT; 11:00 a.m. PT)

Program related requests, questions, or concerns may be e-mailed to: relius.education@sungard.com.