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Compensation: Navigating the Maze
Presentor: Kevin Burch Recorded Date: 2/24/2014 Duration: 100 Min.

This program was recorded during a live presentation on February 24, 2014.

Whether designing a cross-tested plan, safe harbor 401(k) plan or a traditional 401(k) plan, the compensation definition is crucial. The decision will affect both the cost of the plan and compliance testing. In addition to selecting the appropriate compensation definition, the practitioner must be familiar with the various adjustments that he/she can make to the compensation definition, as they can save the employer money and affect testing.

In this Web seminar, we explain the different compensation design options, alternatives for different types of contributions, alternatives for compliance testing, permissible adjustments to the compensation definitions, the plan economics of each choice, and definitions for different qualification rules. In addition, we explain the correction options when an employer does not follow the plan terms. The speaker also presents steps a practitioner can take to avoid such problems.

Join Kevin Burch in this 100-minute Web seminar as he helps you gain a better understanding of plan compensation.

Topics include:

  • Total compensation alternatives
  • Safe harbor nondiscriminatory definitions of compensation
    • Adjustments
  • Compensation options for testing
  • Economics of plan compensation choices
  • Compensation for each qualification requirement
    • 415, HCE, top-heavy, 401(a)(4), etc.
  • Options for safe harbor 401(k) plans
  • Correcting compensation errors
    • Missing deferrals
    • Missing matching contributions
    • Missing nonelective contributions
  • Self-correction vs. VCP
  • Effect of non-safe harbor definitions

    Prerequisites: There are no prerequisites or advance preparation for this program.

    Level: Intermediate

    Instructional Delivery Method
    Group – Internet-Based

    Kevin L. Burch, J.D., LL.M.

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

    1. Distinguish between the different safe harbor compensation options
    2. Design a cost-effective contribution formula
    3. Select a correction method for a plan that has operated inconsistent with its terms
    4. Determine which definition applies for a particular qualification requirement
    5. Select an appropriate compensation definition for testing
    6. Determine which adjustments will produce better plan economics

    Hardware System Requirements:

    • Windows Vista, Windows 7, or Windows 8
    • Internet Explorer 8 or later, and set browser to allow pop-up windows.
    • High-speed Internet connection.
    • 1023 x 768 or higher display resolution.
    • Soundcard and Speakers.

    Software Requirements:

    Program related requests, questions, or concerns may be emailed to:


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