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.

Automatic Enrollment: ACA, EACA, and QACA Requirements [2018]
Presentor: David Schultz Recorded Date: 9/17/2018 Duration: 100 Min.

Description
This program was recorded during a live presentation given on September 17, 2018 at 12:00PM EST.
*******************************************************************************

It has been years since the final regulations dealing with automatic enrollment were issued, though the TPA and recordkeeping communities have been slow to embrace automatic enrollment features. Under the final regulations, employers have more options than ever before with ACAs, EACAs, and QACAs. While employers now have options, they are still confused about the benefits and requirements of EACAs, QACAs and ACAs. We will discuss the detailed requirements and benefits of each of the different types of automatic enrollment plans.

An automatic enrollment plan may be a good answer for many employers seeking to maintain or increase employee deferral participation while avoiding a fixed contribution obligation. In this seminar, you’ll learn about:

  • Automatic contribution arrangements (ACAs)
    • State law protection
    • ERISA notice requirements
    • Tax notice requirements
  • Eligible Automatic Contribution Arrangements (EACAs)
    • Expanded eligibility
    • Eligibility options
    • Notice content and timing
    • Permissible withdrawals
    • ADP testing delay
  • Qualified Automatic Contribution Arrangements (QACAs)
    • Minimum deferrals
    • Safe harbor notice content and timing
    • Effect of leave of absence
    • Employer contributions
    • Uniform rates
    • Benefits
Prerequisites:

There are no prerequisites and no advance preparation required for this program. However, the instructor will assume participants have a basic familiarity with 401(k) plans, including classic safe harbor plans, and have a minimum of one year of experience. The instructor will not assume prior familiarity with automatic enrollment plans of any sort.

Level: Intermediate
Instructional Delivery Method
Group – Internet-Based

NASBA Field of Study: Taxes

Speaker: David Schultz, J.D.

Objectives:

  1. Identify when ACAs, EACAs, or QACAs are an appropriate plan design, and the conditions associated with each automatic enrollment feature
  2. Design an ACA
  3. Design an EACA
  4. Design a QACA
  5. Determine whether the automatic contributions provision provides the ability to delay ADP testing penalty-free
  6. Determine whether the automatic contributions provision permits a participant to withdraw amounts penalty-free from their plan
  7. Determine whether the automatic contributions provision of the plan is a safe harbor
  8. 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.