FIS Relius

This program was recorded during a live presentation on April 9, 2009.

With today's troubled economy, more and more employers want to pull back on their retirement plans. In addition, many companies rue their annual valuations with balance forward accounting, especially once employees start making midyear distribution requests. This seminar will adjust plan administration in the current economic climate from the employer’s perspective, including:

• Elimination of Fixed Contribution Formulas
  • Deadline for eliminating fixed contribution (match and nonelective) formulas
  • Compensation in termination year
  • Revocation of safe harbor 401(k) plan notice
  • Mid-year exiting of safe harbor 401(k) plan
  • Mid-year termination of safe harbor 401(k) plan
  • Application of the “maybe” notice approach
  • Switching testing methods
  • 204(h) notice
• Plan Termination
  • Procedure
  • Filing Form 5310
  • Updating plan (necessary amendments)
  • Restatement as a prerequisite
  • Filing final 5500
  • Lost participants
• Partial Termination
  • What constitutes partial termination
  • Employer vs. employee initiated events
  • Consequences
  • Reporting issues
  • Determination letter
• Interim Plan Valuations
  • Anti-cutback issues
  • Necessary plan language
  • Timing
  • Fiduciary considerations
  • Distribution provisions
  • Processing distributions
  • Plan investment options – limiting employer exposure
  • Fiduciary responsibility
  • Policy regarding revaluation in an “up” and “down” market

  This course is complemented by the "Participant Troubles: Loans and Hardship Distributions" Web seminar recorded on April 7, 2009.

  Speaker – S. Derrin Watson, J.D., APM
  Recipient of ASPPA's 2006 Educator of the Year Award

  Instructional Delivery Method
  Group – Internet-Based

  Prerequisites
  There are no prerequisites and no advance preparation required for this program. However, the speaker will assume general familiarity with the design and operation of 401(k) plans.

  Level - Intermediate.

  System Requirements:

  • Windows 95, 98, NT 4.0 , 2000, XP
  • Internet Explorer 4.01 or later, Netscape 4.08 or later
  • 56K modem connection or better (128K recommended)
  • Pentium 166+ MHz, 128MB RAM or more
  • 800x600 or higher display resolution
  • Soundcard, Speakers

   

  Recorded Event Time Limitation:
  This recorded event will be available for 20 days from your date of registration.

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