NOTICE OF CHANGE FOR SEMINAR REGISTRATIONS:
To register for Relius Education seminars and conferences, please login or register for a new login account before proceeding. For more information, please see the Benefits of a Relius User Login Account. For assistance, please contact Client Services at 800-326-7235, and select Option 6.

Compensation: Navigating the Maze [2018].
Presentor: David Schultz Recorded Date: 3/29/2018 Duration: 100 Min.

Description
This program was recorded during a live presentation given on March 29, 2018 at 12:00PM EST.
*******************************************************************************

Compensation definitions are a crucial consideration for all types of retirement plans. Whether designing a cross-tested plan, safe harbor 401(k) plan or a traditional 401(k) plan, the decision will impact both contributions and compliance testing. In addition to selecting the appropriate compensation definition, the practitioner should be familiar with the various adjustments that can make to the compensation definition, as they can save the employer money and affect testing.

In this Web seminar, we explain the different compensation design options, alternatives for different types of contributions, alternatives for compliance testing, permissible adjustments to the compensation definitions, the plan economics of each choice, and definitions for different qualification rules. In addition, we explain the correction options when an employer does not follow the plan terms. The speaker also presents steps a practitioner can take to avoid such problems.

Topics include:
  • Total compensation alternatives
  • Safe harbor nondiscriminatory definitions of compensation
    • Adjustments
  • Compensation options for testing
  • Economics of plan compensation choices
  • Compensation for each qualification requirement
    • 415, HCE, top-heavy, 401(a)(4), etc.
  • Options for safe harbor 401(k) plans
  • Correcting compensation errors
    • Missing deferrals
    • Missing matching contributions
    • Missing nonelective contributions
  • Self-correction vs. VCP
  • Effect of non-safe harbor definitions
Prerequisites:

There are no prerequisites or advance preparation for this program.

Level: Intermediate. Instructional Delivery Method
Group – Internet-Based

NASBA Field of Study: Taxes

Speaker: David Schultz, J.D.

Objectives: At the conclusion of the seminar, attendees should be able to:

  1. Distinguish between the safe harbor compensation definitions
  2. Design a cost-effective contribution formula
  3. Select a correction method for a plan that has operated inconsistent with its terms
  4. Determine which definition applies for a particular qualification requirement
  5. Select an appropriate compensation definition for testing
  6. Determine which options will produce better plan economics

All ownership and intellectual property rights in and relating to this website and all of its contents or any copies thereof, including but not limited to copyrights, logos, trademarks, service marks, design, text, videos, sound recordings, images, links, graphics, code, concepts and themes are owned by FIS and/or its subsidiaries (collectively "FIS") or used under authorized license by FIS. Any recording, reproduction, transmission, distribution, publication, performance, broadcast, hyperlink, creation of derivative works or other use in whole or in part in any manner without the prior written consent of FIS is expressly prohibited. Without the prior written consent of FIS, you shall not insert a hyperlink to this website or any part thereof on any other website or "mirror" or frame this website, any part thereof, or any information or materials contained in this website on any other server, website or webpage.