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Restatement 12: Maximizing Forfeiture Flexibility
Presentor: Derrin Watson Recorded Date: 11/3/2014 Duration: 60 Min.

This program was recorded during a live presentation given on November 3, 2014 at 12:00PM EST.

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 12: Maximizing Forfeiture Flexibility

Forfeitures have been getting a lot of focus from the IRS. This program takes a close look at the issues surrounding forfeitures and the design opportunities you can use to address those issues.

Topics include:

  • What can you do with forfeitures?
  • How quickly must you allocate forfeitures?
  • To what extent can you use forfeitures in resolving plan defects?
  • When does a forfeiture arise?
  • How do document choices regarding forfeitures affect safe harbor status?
  • What can you do with a forfeiture?
  • Effect of forfeiture clauses on plan testing

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 presentation, you should be able to:

  1. Advise an employer on appropriate select of options regarding forfeitures
  2. Properly administer plan forfeiture provisions
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, November 3, 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: