FIS Relius

All sessions will be recorded and available for purchase. Due to the inability to track attendance, however, a Letter of Participation is not provided for recorded events.

****************************************************************

Fundamentals 04: Introduction to Nondiscrimination Testing, Defining Compensation and the 415 Limit

It's been over two decades since the IRS issued the nondiscrimination final regulations under §401(a)(4). "Detailed" doesn't begin to describe the mind-numbing 186 pages of government-speak in the final regulations. These rules intimately affect many aspects of plan operation and design. Retirement practitioners must have a thorough understanding of the nondiscrimination rules.

Little is more fundamental to plan administration than 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. Strict adherence to a single definition of compensation can take away valuable tools, which can lower costs and simplify administration.

Finally, §415 of the Code places a cap on the amount of annual additions that may be contributed to a participant’s retirement account. This year the 415 limit is $51,000. Many unique retirement plan features are designed around the 415 limit. This program discusses the 415 limit.

This program outlines the nondiscrimination, compensation and 415 rules on defined contribution plans. Using clear analysis and examples, the speaker presents a clear path through the various issues.

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

Level: Beginning

Instructional Delivery Method
Group - Internet-Based

Speaker – Kevin L. Burch, J.D., LL.M.

Objectives: After attending this Web seminar, an attendee should be able to do the following for each topic:

 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
• Silverlight Downloading:
  • If you do not have Silverlight on your desktop, you should see an automatic pop-up window that will allow you to install it.
  • If you don't see the pop-up window, or if you wish to install this application before you access the recording, you may download it from this location: http://www.microsoft.com/getsilverlight/get-started/install/default.aspx 
• If you have questions or need assistance with accessing/downloading Silverlight, please contact your IT or MIS department.

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