FIS Relius

The top-heavy rules of Section 416 of the Code are among the most confusing and aggravating in retirement law. They are sufficiently unpleasant that Congress has offered top-heavy exemptions as an incentive to adopt particular plan designs. This web seminar makes this complex and detail-driven issue understandable and provides solutions for the situations practitioners face daily.

• Key Employee Definition
• Key Employee Attribution
• Top Heavy Testing
• Effect of Distributions
• Safe Harbor 401(k) Exemption
• Vesting Requirements
• Minimum Contributions and Benefits
• Contributions That Can Satisfy Code Requirements
• Frozen Plans
• Deferral-Only Plans
• Document Requirements

No prerequisite or advanced preparation is required for this course. The instructor will assume attendees have a minimum of one year of experience.

NASBA Field of Study: Taxes

Objectives: After attending this seminar, attendees should be able to:

• Determine whether a plan is top heavy
• Determine whether a participant is a key employee
• Identify the appropriate "look back" period for distributions
• Implement statutory requirements of a top-heavy plan
• Determine the minimum contribution

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. Important Note: The user registrant must be logged in via the internet for CE purposes. Select the "Fees" link on the right side menu of this page for more information about who is authorized to connect to the program, and for the cancellation/transfer policy.

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