FIS Relius

What is an ERISA recapture account? Where do the funds come from? What are the legal requirements for the accounts? For 5500 reporting and fee disclosure are they direct or indirect compensation? Are the plan assets subject to ERISA? Can you hold the account outside the plan? How do you allocate amounts in the account? What plan language is required? With DOL’s recent focus on fee disclosure, these are important and necessary questions that a practitioner must understand. We address each one of these questions in this web seminar.

In a recent IRS newsletter, the IRS identified a number of troublesome issues regarding forfeitures that it has discovered in plan examinations. This presentation addresses (1) the circumstances in which a plan may forfeit; (2) options for allocating the forfeitures; (3) limitations for how long a plan may carry the forfeitures; and (4) plan document requirements.

The final portion of the webcast focuses on lost and uncooperative participants. The latest version of EPCRS takes a new look at this perennial problem area. We will explain the options (IRS, DOL and plan provided) for resolving lost participants’ accounts and preventative actions that a plan may utilize to avoid lost participants’ accounts.

Topics include:

• ERISA recapture or budget accounts
• Forfeiture of lost participants’ accounts
• Terminating plans with forfeitures
• Forfeiture carryovers
• Reporting on Form 5500
• Reporting on Schedule C
• Direct or indirect compensation
• Timing of forfeitures
• Allocation options
• Plan document requirements

Level: Intermediate

Instructional Delivery Method
Group – Internet-Based

Speaker
Stephen W. Forbes, J.D., LL.M.
Author of The Form 5500 Filing Guide

Objectives: After attending this Web seminar, an attendee should be able to:

1. Determine allocation options for an ERISA recapture account
2. Identify plan document requirements
3. Determine options for resolving lost participants’ accounts
4. Select options for allocating forfeitures
5. Determine how to report ERISA recapture payments on 5500
6. Identify approaches for holding ERISA recapture accounts
7. List requirements for forfeitures

Hardware System Requirements:

• Windows 95, 98, NT 4.0, 2000, XP, Windows 7
• Internet Explorer 4.01 or later, Netscape 4.08 or later, and set Internet browser to allow pop-up windows.
• High-speed Internet connection.
• Pentium 166+ MHz, 128MB RAM or more.
• 1023 x 768 or higher display resolution.
• Soundcard and Speakers.

Software Requirements:

• Silverlight Version 4 is required. Silverlight Version 5 or higher is preferred.
• Silverlight 4 System Requirements Information: http://www.microsoft.com/getsilverlight/locale/en-us/html/installation-win-SL4.html
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