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Attribution: It Counts More than You May Think [2019]
Presentor: David Schultz Recorded Date: 2/11/2019 Duration: 60 Min.

This program was recorded during a live presentation given on February 11, 2019 at 12:00PM EST.

The ownership attribution rules are some of the most important and confusing elements of retirement plan administration. The rules affect HCE status, nondiscrimination testing, top heavy status, RMD due dates, prohibited transactions, controlled group and affiliated service group determinations, and more. Unfortunately, there are three different attribution systems, and except for the rules treating children under 21, there are differences between the three systems in every relationship. To make matters worse, practitioners become horribly confused trying to determine what system goes with what issue. If you try to determine HCE status based on the controlled group attribution rules, for example, you can easily make costly mistakes.

This program looks at all three attribution systems, shows you where they are alike and where they are different, and illustrates when you use each one. It is filled with examples to help you see how the rules work in practice.

Topics include:
  • Code §§318, 1563 and 267 attribution comparison
  • Family attribution
  • Attributions between entities and owners
  • Option attribution
  • Operational rules
  • Excepts to attribution

The speaker will assume attendees have a general knowledge of the operation of defined contribution plans and a basic awareness of the related employer rules. However, detailed knowledge is not required.

Level: Intermediate
Instructional Delivery Method
Group – Internet-Based

NASBA Field of Study: Taxes

Speaker: David Schultz, J.D.

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

  1. Determine which attribution system applies to a retirement plan determination
  2. Explain how family or professional relationships can impact plan design, coverage requirements, and more
  3. Correctly apply the attribution system

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