FIS Relius

"Who’s the Employer/ee?" Series

Nothing is more fundamental to the operation of a retirement plan than understanding who are the employees of the employer. Understanding this requires the plan practitioner not only to distinguish between employees and independent contractors, but to recognize who is deemed to be an employee, either because the individual is a leased employee or shared employee, or because the individual is an employee of a related employer.

As important as these questions are, they are among the most difficult questions practitioners face. Uncertainties abound and frequently nothing is as it seems.

Derrin Watson wrote the book on the subject. For nearly 20 years, Who’s the Employer has been the definitive reference work on these issues. In a special 5-part web series, Derrin addresses all the issues, with plenty of examples, and will answer your questions. Attendees are encouraged to send ahead of time the situations they are facing for Derrin to address.

In addition, if you attend any of these presentations, you will receive a coupon for $50 off the price at Amazon price for Derrin’s book. (Only one coupon can be used to purchase a single book, but you can use it to purchase multiple copies.) Our standard pricing has been discounted to make attendance to all sessions in this series more cost effective. The series will cover the following:

• Who’s the Employer/ee? 01: Employee/Independent Contractor
• Who’s the Employer/ee? 02: Shared/Leased Employees
• Who’s the Employer/ee? 03: Identifying Related Employers
• Who’s the Employer/ee? 04: Testing for Related Employers
• Who’s the Employer/ee? 05: Consequences of Related Employers

Consequences of related employer status

You’ve determined two employers are a controlled group, and you’ve determined that a plan involving them will pass coverage and nondiscrimination. Great! But the job isn’t done. There are many other consequences to related employers status. This seminar will analyze such issues as:

• Eligibility
• Vesting
• Benefit accrual
• Entitlement to distributions
• Loan limits
• Catch-up restrictions
• Deduction issues
  • Differences for controlled and affiliated service groups
• 415 limits
  • Brother-sister modification
• Top heavy considerations
• Exclusive benefit rule
• 5500 filing issues
• Liability in a pension plan
• Compensation
• Midyear changes
• SEPs and SIMPLEs
• Qualified separate lines of business

While there are no prerequisites for the program, those attending should understand the basic rules relating to the operation of qualified plans.

Instructional Delivery Method
Group – Internet-Based

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

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

• Credit service appropriately for related employers
• Determine 415 limits for related employers, including midyear changes
• Apply deduction limits correctly depending on the situation
• Correctly apply other limits and retirement plan rules in related employer situations

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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