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Fundamentals Series 04: Coverage Test (Ratio Pct. Only) [2017]
Presentor: David Schultz Recorded Date: 10/3/2017 Duration: 60 Min.

This program was recorded during a live presentation given on October 3, 2017 at 12:00PM EST.

Do you need to train someone new? Do you need to brush up on the basics, or to fill in gaps in your knowledge? SunGard’s Fundamentals Series may be just what you need. 16 convenient 1-hour web seminars provide the information a pension practitioner needs to function effective in the modern 401(k) world. Pick and choose the topics you need, or participate in the entire series: the choice is yours. Our standard pricing has been discounted to make attendance to all sessions in this series more cost effective. The series will cover the following:

  • Fundamentals Series 01: Eligibility
  • Fundamentals Series 02: Vesting
  • Fundamentals Series 03: Compensation and HCEs
  • Fundamentals Series 04: Coverage Test (Ratio Percentage Only)
  • Fundamentals Series 05: Elective Deferrals
  • Fundamentals Series 06: ADP/ACP Test
  • Fundamentals Series 07: Safe Harbor 401(k) Plans
  • Fundamentals Series 08: Nondiscrimination Testing and Allocations
  • Fundamentals Series 09: Allocation and Deduction Limits (415 and 404)
  • Fundamentals Series 10: Top-Heavy Testing
  • Fundamentals Series 11: Controlled Groups
  • Fundamentals Series 12: Participant Loans
  • Fundamentals Series 13: Distributions
  • Fundamentals Series 14: Fiduciary Requirements; Reporting and Disclosure

Fundamentals Series 04: Coverage test (Ratio Percentage Only) [2017]

It's easy to understand the importance of coverage testing. A 401(k) plan must pass coverage testing every year to remain a qualified plan.

This program will take you back to the basics to give you a thorough review of the frequently misunderstood aspects of this vital topic. This lively presentation, rich with examples, will show you the issues you need to understand to make sure plans are not violating the crucial coverage rules. It is necessary that you understand all the nuances of the coverage rules in order to fully appreciate our Nondiscrimination program.

Topics Include:

  • Excludible employees
  • Relationship to eligibility requirements
  • Separating a 401(k) plan into separate parts
  • Who's benefiting
  • Alternate coverage tests
  • Otherwise excludible employees
  • The price of failure
  • Correcting problems

There are no prerequisites or other advanced preparation for this program. No prior experience needed.

Level: Beginning.

Instructional Delivery Method
Group – Internet-Based

NASBA Field of Study: Taxes

Speaker: David Schultz, J.D.

Objectives: After participating in this program, an attendee should be able to:

  • Perform the ratio percentage test
  • Identify excludable employees
  • Separate a plan into separate parts for testing
  • Determine if a participant is benefiting from a plan


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