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General Nondiscrimination Testing for DC Plans (401(a)(4))
Presentor: David Schultz Recorded Date: 4/18/2017 Duration: 100 Min.

Description
This program was recorded during a live presentation given on April 18, 2017 at 12:00PM EST.
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Internal Revenue Code section 401(a)(4) is relatively short sentence that impacts much of what we can and cannot do within a qualified retirement plan by prohibiting discrimination in favor of highly compensated employees. Determining whether a benefit, right, or feature (from contribution allocations to access to participant loans or self-directed brokerage options) is discriminatory under law requires the application of complex rules. This 100 minute web seminar will review the nondiscrimination requirements under 401(a)(4), including general-testing, cross-testing, and benefits, rights, and features testing and the application of the average benefits test.

Topics include:

  • Introduction to the General Nondiscrimination Test
  • Mechanics of the average benefits test
  • Benefits, rights, and features
  • Current and effective availability
  • Testing allocations on a contributions basis
  • Cross-testing (testing allocations on a benefits basis)
  • Calculation of EBARs
  • Nondiscriminatory classification test
  • Imputing permitted disparity
Prerequisites:

There are no prerequisites or other advanced preparation for this program. The instructor will assume attendees have a general familiarity with the basic retirement plan concepts, and a minimum of two years of experience in dealing with qualified plans.

Level: Intermediate.

Instructional Delivery Method
Group – Internet-Based

NASBA Field of Study: Taxes

Speaker: David Schultz, J.D.

Objectives: After attending this Web seminar, an attendee should be able to:

  1. Apply the general nondiscrimination test
  2. Use the average benefits test in nondiscrimination testing
  3. Distinguish between benefits, rights, and features
  4. Determine if a condition applicable to a benefit, right, or feature is exempt from nondiscrimination testing
  5. Identify whether a benefit, right, or feature is nondiscriminatory

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