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403(b) Plans for 401(k) Administrators: A 3-Part Program [2018]
Presentor: David Schultz Recorded Date: 2/26/2018 Duration: 300 Min.

This program was recorded during a live presentation given on February 26 - 28, 2018 at 12:00PM EST.

More and more qualified plan administrators find themselves being brought into the 403(b) marketplace and the rollout of pre-approved 403(b) plan documents is only going to increase their popularity. While there are many similarities between 403(b) plans and 401(k) plans, there are also several profound differences that are traps for the unwary 401(k) practitioner.

This Web seminar series is designed for 401(k) practitioners who would like to understand 403(b) plans. It builds on the knowledge you already have, to help you effectively advise clients and keep 403(b) plans running properly. If you work primarily with 403(b) plans and would like to develop a better understanding of the rules, you also will benefit from the careful explanation of the 403(b) requirements.

Topics include:

  • Background
  • Eligible employers/employees
  • Investment vehicles
  • ERISA requirements/DOL
  • Written plan requirement
    • Prototype program
    • Correcting failures
  • Exchanges and transfers
  • Separate accounts
  • Elective deferrals
    • Universal availability
  • Contribution/415 limits
  • Coverage/Nondiscrimination
  • Common control rules
  • Distribution and taxation
  • Terminations and transfers
  • Plan loans
  • Failures and corrections

There are no prerequisites or other advanced preparation for this program. The instructor will assume attendees have a general familiarity with the basic 401(k) retirement plan concepts, and a minimum of one year of experience in dealing with qualified plans.

Level: Overview.

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. Determine which employers can sponsor 403(b) plans
  2. Advise 403(b) sponsors regarding available investment options
  3. Determine whether a 403(b) plan is subject to ERISA
  4. Understand the consequences of a 403(b) plan being subject to ERISA
  5. Understand the written plan requirements which apply to 403(b) plans
  6. Assist 403(b) sponsors in dealing with exchanges and transfers
  7. Correctly apply the universal availability rule
  8. Understand the unique applications of 403(b) to the limits of Code §415
  9. Determine which nondiscrimination rules apply to different 403(b) plans
  10. Apply the new common control rules to tax-exempt organizations
  11. Assist 403(b) sponsors with distribution requirements
  12. Understand the limitations on 403(b) transfers
  13. Properly administer a 403(b) plan loan program
  14. Advise clients regarding 403(b) plan failures
Program Schedule:
  • Day 1: February 26, 2018, at 12:00 pm ET (100 min.)
  • Day 2: February 27, 2018, at 12:00 pm ET (100 min.)
  • Day 3: February 28, 2018, at 12:00 pm ET (100 min.)

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