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Restatement 08: Is it Time for Automatic Rollovers?
Presentor: Derrin Watson Recorded Date: 9/22/2014 Duration: 60 Min.

This program was recorded during a live presentation given on September 22, 2014 at 12:00PM EDT.

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.


Restatement Perspectives 08: Is it Time for Automatic Rollovers?

It’s 2014. Default rollovers have been with us for 9 years. This isn’t some new Congressional mandate that nobody knows how it will work. The vendors are well established and generally serve a valuable function in the marketplace. Implementing default rollovers allow plans to increase the cash-out limit from $1,000 to $5,000, a move that significantly reduces fiduciary exposure and compliance burdens, as well as the risk a plan may need an audit.

So why are less than half of all 401(k) plans implementing this provision? In light of the restatement process, this program reviews the following topics:

  • Automatic rollover requirements
  • Employer benefits
  • Amount limits
  • Effect on rollovers
  • Anti-cutback issues
  • Problems of participants with small balances


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 attending the program you should be able to:

  1. Explain the issues involved with the choice to implement default rollovers
  2. Explain the benefits of lost participant rollovers
  3. Evaluate the effects of a change in employer election
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, September 22, 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: