NOTICE OF CHANGE FOR SEMINAR REGISTRATIONS:
To register for Relius Education seminars and conferences, please login or register for a new login account before proceeding. For more information, please see the Benefits of a Relius User Login Account. For assistance, please contact Client Services at 800-326-7235, and select Option 6.

Plan Amendments: Procedures, Timing & Other Issues [2018]
Presentor: David Schultz Recorded Date: 12/6/2018 Duration: 100 Min.

Description
This program was recorded during a live presentation given on December 6, 2018 at 12:00PM EST.
*******************************************************************************

Plan Amendments: Procedures, Timing, Cutbacks & Other Issues

Plan amendments are a fact of life for any retirement plan. An important and necessary reality of plan administration is the need for plan amendments. Congress is often tinkers with the Code and ERISA, necessitating plan amendments. The IRS and DOL also frequently feel the need to make regulatory changes that require plan amendments. Of course, the plan sponsor often feels the need to make discretionary changes in plan provisions to reflect changes in the company’s and owner’s retirement goals.

This Web seminar covers:

  • (1) the basic plan documentation requirements,
  • (2) who can amend the plan (corporation, partnership and sole proprietorship), and
  • (3) what actions are necessary to affect a plan document.
In addition, the speaker discusses the specifics of how to amend preapproved documents (prototype and volume submitter). Other issues that will be explained are anticutback considerations, notice requirements, deadlines and the various interim amendments required by Congress. Finally, we explain the requirement for amendments when terminating the plan. If you work with retirement plan documents, this is one Web seminar you will need to attend.

 

Topics include:

  • Written plan requirement
  • Disqualifying provisions
  • Authority to amend the plan
  • Necessary corporate actions for plan amendment
  • Amendment procedures
  • Amendment formats
  • Deadlines
  • Safe harbor 401(k) plan amendments
  • Prototypes and volume submitters
  • Anticutback rule considerations
  • Terminating plan amendments
  • Interim amendments
Prerequisites:

 

There are no prerequisites or other advanced preparation for this program. However, the speaker will assume that participants understand the fundamentals of plan operation.

Level: Intermediate
Instructional Delivery Method
Group – Internet-Based

NASBA Field of Study: Taxes

Speaker: David Schultz, J.D.

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

  1. Determine the proper procedures for amending a plan
  2. Identify who can amend a plan
  3. Explain which benefits are protected when amending
  4. Identify the three corporate methods for amending a plan
  5. Select the appropriate amendment format
  6. Determine which amendments are required for qualification
  7. Apply the deadlines for different types of amendments
  8. Determine which amendments can be made to a safe harbor 401(k) plan

 

All ownership and intellectual property rights in and relating to this website and all of its contents or any copies thereof, including but not limited to copyrights, logos, trademarks, service marks, design, text, videos, sound recordings, images, links, graphics, code, concepts and themes are owned by FIS and/or its subsidiaries (collectively "FIS") or used under authorized license by FIS. Any recording, reproduction, transmission, distribution, publication, performance, broadcast, hyperlink, creation of derivative works or other use in whole or in part in any manner without the prior written consent of FIS is expressly prohibited. Without the prior written consent of FIS, you shall not insert a hyperlink to this website or any part thereof on any other website or "mirror" or frame this website, any part thereof, or any information or materials contained in this website on any other server, website or webpage.