Don't Be Caught Short: Understanding Short Years - 2014
Presentor: Stephen Forbes Recorded Date: 1/14/2014 Duration: 100 Min.
Description
This program was recorded during a live presentation on January 14, 2014.
New plans. Terminating plans. Merging plans. Plan year change. Any of these can give rise to a short plan year. This program provides a detailed look at short and changing years in a variety of contexts. The speaker first explains the principles and then provides numerous examples to show you how the rules work in practice.
Topics include:
- Eligibility
- Vesting
- Benefit accrual (defined benefit)
- Allocation conditions (defined contribution)
- Top heavy issues
- HCE determination
- ADP/ACP issues
- 415 limits
- 401(a)(17) compensation limits
- Safe harbor 401(k) plans
- Design considerations
- Allocation issues
- Deferral issues
Prerequisites: There are no prerequisites or other advanced preparation for this program. However, the speaker will assume participants are familiar with retirement plan distributions in general.
Level: Overview
Instructional Delivery Method
Group – Internet-Based
Speaker: Stephen W. Forbes, J.D., LL.M.
Author of The 5500 Filing Guide
Objectives: After attending this web seminar, an attendee should be able to:
- Correctly evaluate and administer plans with short plan years, including new plans, terminating plans, and plans switching year ends
- Determine how a short plan year affects eligibility and vesting
- Apply the ADP and ACP tests
- Calculate 415 limits
- Apply the safe harbor 401(k) plan rules
- Determine the impact on allocations
- Determine highly compensated employees
- Apply properly the top heavy rules
- Calculate the compensation limit
Hardware System Requirements:
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Windows Vista, Windows 7, or Windows 8
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Internet Explorer 8 or later, and set browser to allow pop-up windows.
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High-speed Internet connection.
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1023 x 768 or higher display resolution.
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Soundcard and Speakers.
Software Requirements:
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Silverlight Version 4 is required. Silverlight Version 5 or higher is preferred.
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Silverlight Downloading:
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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.