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All sessions will be recorded and available for purchase. Due to the inability to track attendance, however, a Letter of Participation is not provided for recorded events.
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Focused Topic 12: Automatic Enrollment and Escalation Provisions
Mondays with Derrin and Steve
Automatic enrollment provisions are becoming increasingly more popular as consultants and investment advisors encourage plan sponsors to add such provisions. Advisors and consultants are also encouraging the use of automatic escalation features. Evidence shows that such provisions increase plan participation and deferral rates.
The use of such provisions, however, places increased responsibilities on HR departments of plan sponsors and administrators. Accordingly, it is imperative that practitioners not only understand the rules completely but also be able to explain them to plan sponsors effectively. And, it is important that the plan follow the rules carefully because mistakes can be costly. The automatic escalation provisions are particularly difficult because consultants are creative in their designs.
It has been a number of years since the final regulations dealing with automatic enrollment were issued. 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. In this presentation, the speaker discusses the requirements and benefits of each of the different types of automatic enrollment plans and automatic escalation provisions, as well as the correction of failure to properly implement such provisions.
Topics include:
Prerequisites: 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.
Level: Intermediate
Instructional Delivery Method
Group – Internet-Based
Speaker - Stephen W. Forbes, J.D., LL.M.
Author of The 5500 Filing Guide
Objectives:
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.
Program Schedule (Eastern Time)
Monday, June 16, 2014
12:00 noon to 1:00 p.m. Eastern Time
(11:00 a.m. CT; 10:00 a.m. MT; 9:00 a.m. PT)
Program related requests, questions, or concerns may be e-mailed to: relius.education@sungard.com.