FIS Relius

The importance of the Requirement Minimum Distribution rules is not to be understated. This reality is amplified by the fact that a mistake not only results in possible disqualification of the plan but also a significant 50% penalty tax on the participant. Many practitioners only encounter the RMD rules on an infrequent basis and struggle with applying the rules in different situations. Adding to the complexity are the separate rules that apply upon the death of the participant. In addition, nonspouse beneficiary rollover rules have added a new dimension to plan administration, including the RMD rules.

This program walks you through the RMD rules and the nonspouse beneficiary rollover rules. The program is filled with examples and the kind of detailed information that is difficult to find elsewhere.

• Required beginning dates
• Lifetime RMDs
• Designated beneficiaries
• RMDs after death
• Nonspouse beneficiary rollovers
• RMD correction

There are no prerequisites and no advance preparation required for this program. However, an attendee should have an understanding of the fundamental rules and concepts of 401(k) administration and testing and have a minimum of two years of experience.

NASBA Field of Study: Taxes

Objectives: After the seminar, attendees should be able to:

1. Determine a participant’s required beginning date
2. Calculate a lifetime required minimum distribution
3. Determine the validity of a beneficiary designation
4. Identify the distribution calendar year
5. Calculate an annual death RMD
6. Distinguish between death distribution alternatives
7. Process a nonspouse beneficiary rollover

How to participate

Please connect at least 10 minutes prior to the event to troubleshoot any issues. You will need a phone and internet access. The graphics presentation and illustrations will be viewed via the web connection, while the presenter's audio portion will be via the 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.

System Requirements for Webex

WebEx supports both Windows and Mac operating systems. For Windows, we recommend using Internet Explorer 11 or Microsoft Edge browsers. For Mac, we recommend using Google Chrome or Mozilla Firefox browsers. For the easiest connection to the event without the need to download any additional software, try the new Webex web app by clicking on the "Join by browser" link below the login fields. Then connect by telephone as prompted.

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