FIS Relius

As sure as night follows day, plan amendments follow plan adoption. An important and necessary reality of plan administration is the need for constant plan amendments. Congress is constantly tinkering with the Code and ERISA necessitating plan amendments. The IRS and DOL also frequently feel the need to make changes that require plan amendments. Of course, the plan sponsor often feels the need to make changes in plan provisions to reflect changes in the company’s and owner’s retirement goals.

This Web seminar covers (1) the basic plan documentation requirements, (2) who can amend the plan (corporation, partnership and sole proprietorship), and (3) what actions are necessary to affect a plan document. In addition, the speaker discusses the specifics of how to amend preapproved documents (prototype and volume submitter). Other issues that will be explained are anticutback considerations, notice requirements, deadlines and the various interim amendments required by Congress. Finally, we explain the requirement for amendments when terminating the plan. If you work with retirement plan documents, this is one Web seminar you will need to attend.

Topics include:

• Written plan requirement
• Disqualifying provisions
• Authority to amend the plan
• Necessary corporate actions for plan amendment
• Amendment procedures
• Amendment formats
• Deadlines
• Safe harbor 401(k) plan amendments
• Prototypes and volume submitters
• Anticutback rule considerations
• Terminating plan amendments
• Interim amendments

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 the proper procedures for amending a plan
2. Identify who can amend a plan
3. Determine which benefits are protected when amending
4. Identify the three corporate methods for amending a plan
5. Select the appropriate amendment format
6. Determine which amendments are required for qualification
7. Identify the deadlines for different types of amendments
8. Determine which amendments can be made to a safe harbor 401(k) plan

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.