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Restatement 02: Elapsed Time: Not What You Think
Presentor: Derrin Watson Recorded Date: 8/4/2014 Duration: 60 Min.

Description
This program was recorded during a live presentation given on August 4, 2014 at 12:00PM EDT.
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This series provides education and commentary on plan designs and the restatement process. It focuses on legal principles which can apply to any plan, rather than on the specifics of any one plan document. As always we look forward to answering attendee questions, whether submitted ahead of time or during the program.

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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Restatement Perspectives 02: Elapsed Time: Not What You Think

At first glance, the elapsed time method seems like a promising idea. No need to bother with hours of service. Just keep track of when people are hired and fired and let the chips fall where they may. But the reality is often different, and the results frequently not to anyone’s liking. This one hour program explores the ins and outs of elapsed time, including:

  • Overview and key concepts
  • Periods of service
  • Service spanning
  • Use in eligibility and vesting
  • Separation/severance from service
  • Part time employees

Prerequisites: There are no prerequisites or advance preparation for this program. The instructor will assume attendees are familiar with preapproved plan documents and with the operation of 401(k) plans.

Level: Intermediate

Instructional Delivery Method
Group – Internet-Based

Speaker – S. Derrin Watson, J.D., APM
Recipient of ASPPA's 2006 Educator of the Year Award

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

  1. Explain the key concepts in the elapsed time system
  2. Determine an employee’s periods of service
  3. Apply the service spanning rules
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, August 4, 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.