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Safe Harbor 401(k) Plans - A Three-Part Program
Presentor: Derrin Watson Recorded Date: 12/15/2015 Duration: 300 Min.

This program was recorded during live presentations given on December 15, 16, & 17, 2015 at 12:00PM EST.

Safe Harbor 401(k) plans are becoming the 401(k) plan of choice for many employers. Utilizing a safe harbor 401(k) plan avoids burdensome nondiscrimination testing and costly correction. Learning to take advantage of various matching design options (e.g., triple stacked match) also allows an employer to avoid the complexities of top heavy, enhance disparity, and increase savings flexibility. Combining the safe harbor 401(k) plan with other plan designs (e.g., cross-testing) permits an employer to have the "best of both worlds.” Adding an automatic contribution feature (e.g., QACA) can further an employer’s goal of encouraging employees to save for retirement and can reduce costs for employers.

Join Derrin Watson in this three-part web seminar for an in-depth discussion of safe harbor 401(k) plans, including the impact of the regulations affecting plan termination and mid-year amendments. Combining case studies and worksheets, the speaker presents a comprehensive view of safe harbor 401(k) plan design and administration, including the QACA rules.

This is a "must-attend" program for those retirement plan professionals who are new to safe harbor 401(k) plans, and it is a great review of fundamental principles for the experienced specialist.

Topics include:

  • ADP safe harbor requirements
  • ACP safe harbor requirements
  • Notice requirements
  • Plan documentation
  • Top heavy exemption
  • Termination and exit requirements
  • QACA requirements
  • Early eligibility issues
  • Designing a safe harbor 401(k) plan

There are no prerequisites or advanced preparations required for this intermediate level course. However, attendees should understand: 1) the basics of 401(k) plan ADP and ACP testing, and 2) how matching contributions are allocated.

Level: Intermediate

Instructional Delivery Method
Group – Internet-Based

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

Objectives: Upon completion of the course, attendees should be able to::

  • Design the safe harbor 401(k) plan option that best suits a client’s objectives
  • Apply correctly the plan documentation requirement
  • Understand/Compare the QACA design with the "traditional" safe harbor design
  • Examine the differences between the safe harbor and the QACA design
  • Convert an existing retirement plan into a safe harbor 401(k) plan
  • Design a safe harbor 401(k) plan to avoid the ACP test and the top-heavy requirements
  • Design a safe harbor 401(k) plan to enhance disparity and increase flexibility by adopting multiple (layered) matching contribution formulas
  • Explain the timing and content rules for a safe harbor 401(k) notice
  • Advise employers on electing into and out of safe harbor status
  • Advise employers on correcting safe harbor failures

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Program Schedule (Eastern Time)
Part 1: Tuesday, December 15. 2015
Part 2: Wednesday, December 16, 2015
Part 3: Thursday, December 17, 2015
12:00 p.m. to 1:40 p.m. Eastern Time each day
(11:00 p.m. CT; 10:00 p.m. MT; 9:00 a.m. PT)