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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.
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Fundamentals 07: Roth Contributions and Taxation and Distributions: 401(k) Plans
The ability to contribute Roth deferrals has become a more prevalent aspect of retirement planning in recent years. This presentation discusses the rules related to Roth contributions, and when Roth distributions will be tax-free and when they will not. Most business owners think participants can take a distribution from a 401(k) whenever they want. In reality, 401(k) plans have a myriad of distribution restrictions, and to violate any one of them may disqualify the plan. The speaker thoroughly discusses the restrictions on deferrals, nonelective and matching contributions. He also covers the early penalty excise tax, rollover rules, the qualified joint and survivor rules and required minimum distributions.
Deferred taxation is arguably the primary reason to establish a 401(k) plan. Maintaining tax deferral, however, is a complex matter. This presentation discusses when distributions are taxed and how they are reported to the participants and the IRS.
Roth Contributions Topics include: | Taxation and Distribution Topics include: |
Separate accounting | Distribution events and restrictions |
Roth deferrals | RMD |
5-year clock | QJSA |
Qualifying events | 72(t) penalty |
Taxation of Roth deferrals | Taxation of distributions |
Nonqualified Roth distribution | Rollovers |
Proportionate distribution, principle and earnings | QDRO |
Prerequisites: There are no prerequisites or other advanced preparation for this program.
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:
401(k) Roth Contributions Objectives | Taxation and Distribution Objectives |
Determine when the 5-year clock starts and ends | Apply distribution restrictions to plan contributions |
Determine whether a participant had a qualifying event | Calculate lifetime (or after death) RMDs |
Determine the taxation of a nonqualified Roth distribution | Identify a plan exempt from the QJSA rules |
Assess the early distribution penalty tax | |
Calculate the ordinary income tax of a plan distribution | |
Understand rollover possibilities |
Hardware System Requirements:
Software Requirements:
Program related requests, questions, or concerns may be e-mailed to: relius.education@sungard.com.