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Fundamentals 13: Distributions [2018]
Presentor: David Schultz Recorded Date: 1/11/2018 Duration: 60 Min.

Description
This program was recorded during a live presentation given on January 11, 2018 at 12:00PM EST.
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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 13: Distributions [2017]

The ability to contribute Roth deferrals has become a more prevalent aspect of retirement planning in recent years. This presentation discusses the rules related to Roth contributions, and when Roth distributions will be tax-free and when they will not.

Deferred taxation is arguably the primary reason to establish a 401(k) plan. Maintaining tax deferral, however, is a complex matter. This presentation discusses when distributions are taxed and how they are reported to the participants and the IRS. It also covers the early penalty excise tax, rollover rules, the qualified joint and survivor rules and required minimum distributions.

  • Separate accounting
  • Roth deferrals
  • 5-year Roth clock
  • Qualifying events
  • Taxation of Roth deferrals
  • Nonqualified Roth distribution
  • Proportionate distribution, principal and earnings
  • Introduction to:
    • In-plan Roth rollovers
    • Required minimum distributions
    • Joint and survivor annuities
  • Early distribution penalty
  • Taxation of distributions
  • Rollovers
Prerequisites:

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 attending the program you should be able to:

  • Determine when the 5-year Roth clock starts and ends
  • Determine whether a participant had a qualifying event
  • Determine the taxation of a nonqualified Roth distribution
  • Assess the early distribution penalty tax
  • Understand rollover possibilities
  • Determine when a participant is subject to RMDs
  • Identify a plan exempt from the QJSA rules
  • Calculate the ordinary income tax of a plan distribution

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