FIS Relius

The electronic filing of the Form 5500 has given the government the tools to quickly identify potential prohibited transactions. Accordingly, practitioners need to have a fundamental knowledge of the prohibited transaction requirements. In this web seminar, the speaker explains the structure, sanctions, purpose and exemptions.

Topics include:

• Disqualified person/ Party-in-interest
• What transactions are prohibited?
• Direct and indirect
• Self-dealing
• Sale or exchange
• Loans
• Exemptions
• Discrete prohibited transactions
• Service provider fee disclosures
• Calculation of the excise tax
• Qualifying employer securities

There are no prerequisites and no advance preparation required for this program. However, the instructor assumes participants have a basic familiarity with 401(k) plans, including classic safe harbor plans.

Instructional Delivery Method
Group – Internet-Based

Speaker: David Schultz, J.D.

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

• Identify a disqualified person and a party-in-interest
• Explain the tax consequences of engaging in a prohibited transaction
• Determine which types of transactions that are prohibited
• Identify exemptions to the prohibited transaction requirements
• Explain the breadth of the prohibited transactions requirements to a plan sponsor

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. 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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