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Benefits, Rights, and Features Testing [2019]
Presentor: David Schultz Recorded Date: 4/29/2019 Duration: 60 Min.

This program was recorded during a live presentation given on April 29, 2019 at 12:00PM EST.

Understanding the rules regarding benefits, rights, and features is an essential part of retirement plan administration and plan design. The rules regarding benefits, rights and features are among the least understood areas of retirement plan law. The anti-cutback rule generally prohibits eliminating or reducing optional forms of benefit with regard to a participant’s existing account balance or accrued benefit. The nondiscrimination rules require that optional forms of benefit, ancillary benefits, and plan rights and features be available to a nondiscriminatory group of participants. This web seminar takes a detailed look at these rules. When can the plan impose an age condition? When can a plan eliminate a benefit form? How can seemingly uniform transition rules associated with plan amendments end up being discriminatory? When might a feature fail the effective availability test? The speaker will address these questions and more. Topics include:
  • What is a benefit, right, or feature
  • What is an optional form of benefit
  • What are not protected benefits
  • How do you test for discrimination
  • How does the anti-cutback rule apply
  • Prerequisites:

    There are no prerequisites and no advance preparation required for this program. However, the instructor will assume attendees have at least one year of experience.

    Level: Intermediate
    Instructional Delivery Method
    Group – Internet-Based

    NASBA Field of Study: Taxes

    Speaker: David Schultz, J.D.

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

    1. Explain what is an optional form of benefit
    2. Apply the anti-cutback rule to benefit forms
    3. Determine if an exception to the anti-cutback rule applies to an amendment
    4. Distinguish between benefits, rights, and features
    5. Determine if a condition applicable to a benefit, right, or feature is exempt from nondiscrimination testing

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