Covering Coverage - From A to Z
Tue, Feb 27, 2018 2:00 PM - 2:50 PM EST - 50 minutes (1 hour CE for ERPA/NIPA/ASPPA)
Presented by: Ilene H. Ferenczy, J.D., CPC, APA
Coverage rules under IRS §410(b) just may be the most complex part of retirement plan administration. We all think we know it, since we work with it all the time, but the devil is in the details. Join us as we go back to the basics to review the myriad rules that affect who is covered by the plan.
Click here for a pdf file of the slides.
Participant Loan Failures: Self-Correction vs. VCP Correction
Presented by: Stephen W. Forbes, J.D., LL.M. (taxation)
Participant loans continue to be a popular feature in defined contribution plans, particularly 401(k) plans. Navigating the numerous participant loan rules requires careful coordination between the employer, payroll administrator and the trustee. Unfortunately, the IRS has made participant loans a priority in IRS examinations. In recognition of the frequent loan issues and errors, the IRS, under its EPCRS program, has created correction methods a plan sponsor may use to resolve the errors. Because EPCRS does not address all of the loan errors, discussion of additional correction methods is necessary.
In this webcast, we will identify many of the common participant loan errors and review the various IRS provided correction methods for participant loans. We also will discuss whether the EPCRS correction method is the exclusive means of correction or whether there are alternative correction methods available. Furthermore, we will discuss situations in which the employer may self-correct a participant loan error. Come join us for this webcast where we will discuss this important plan correction topic.
You may view the YouTube video of this Webcast by clicking here.
Click here for a pdf file of the slides.
Click here to download the Q&As to the session.
Coverage and Nondiscrimination Testing with Related Employers - 11/16/2017
Presented by: S. Derrin Watson, JD, APM
Many practitioners wrongly assume that being in a controlled group means all employees of all group members must be covered by a plan any member maintains. Not true. A plan can be limited to the employees of one member, but the plan must still pass coverage and nondiscrimination. And that’s where many practitioners run into problems. How do you test a plan of related employers for coverage? If the plan requires use of the general nondiscrimination test, how do you handle it in a controlled group? What are the design alternatives for related employers? This 100 minute web seminar will explore these issues, and walk you step by step through the analysis. You may view the YouTube video of this Webcast by clicking here and click here for a pdf file of the slides.
Click here to download the Q&As to the session.
TPA and 401(k) Advisor Business Development Plan Creation
Presented by: Chris Barlow of KnowHow 401(k)
Third Party Administration firms and 401(k) Advisors are natural partners. Each delivers their own discipline while jointly focusing on serving the employer and their employees. A joint business development plan can provide the framework for professional cooperation, marketing, sales and service of your joint group retirement plans, assisting both to exceed their sales goals. Chris Barlow of KnowHow 401(k) will review this business development plan with you and show you how to use it with your top 401(k) Advisors. You may view the YouTube video of this Webcast by clicking here. Click here for a pdf file of the slides and here for a copy of the TPA and 401(k) Advisor Business Development Plan.
Common Problems in Mergers & Acquisitions - 10/17/2017 and 10/31/2017
One of the hardest concepts to understand when companies acquire or dispose of subsidiaries or divisions is the effect on coverage. The "410(b)(6) transition period" may be one of the most misunderstood retirement plan concepts. Join Ilene and Tim for an in-depth discussion of how the transition period works to help ... or harm ... the plans of companies in acquisition or disposition mode, and how to help your clients deal with the results. You may view the YouTube video of this Webcast by clicking here and click here for a pdf file of the slides.
What a Relief: Disaster Assistance for Retirement Plans - 9/19/2017
Government agencies have just announced a special set of retirement plan relief rules for Hurricane Harvey. But did you know that there are special rules that come into play with most disaster area declarations, with a much broader delay of deadlines? And Congress has been known to craft its own retirement plan relief package. This special program outlines the pension relief available for Hurricane Harvey and other disasters as they occur. Be prepared! Know what options employers and participants have. You may view the YouTube video of this Webcast by clicking here and click here for a pdf file of the slides.
The Plan Data Intelligence ReSource with Benchmarking - A Strategic Tool for Building Your Book of Business - 9/14/2017
This webinar shows how to quickly build a plan prospect database with information you need to best prepare for initial discussions with decision makers. You will learn how to easily obtain benchmark reports to share with your prospects. Plan Data Intelligence ReSource is built to be fast, accurate, easy to use, helpful and affordable. This webcast is not eligible for continuing education credit. You may view the YouTube video of this Webcast by clicking here.
EPCRS PART II - Correction Tips and Tricks - 8/3/2017 and 8/15/2017
This is Part II of a two-part series about Employee Plans Compliance Resolution System ("EPCRS"). In this session, the presenters provided practical guidance on how to correct specific failures. The session covered those failures where the EPCRS program provides recommended corrections and it also provided guidance as to what to do when there is no recommended correction method. You may view the YouTube video of this Webcast by clicking here and click here for a pdf file of the slides.
Developing Relationships With 401k Financial Advisors - 6/28/2017. This webinar reviews effective strategies to increase the number and effectiveness of the Financial Advisor partnerships TPAs develop to help grow their business. You may view the YouTube video of this Webcast by clicking here and click here for a pdf file of the slides.
Fee Litigation - Fiduciary Lessons for Financial Advisors - 6/28/2017. The recent fee litigation lawsuits change dramatically the nature of fiduciary risk for 401(k) plan sponsors. This webinar shows Financial Advisors how they can leverage key lessons from these lawsuits to build their business and improve the level of services provided 401(k) clients. You may view the YouTube video of this Webcast by clicking here and click here for a pdf file of the slides.
5500 Update - 5/25/2017 and 8/17/2017. How long can practitioners dodge the bullet of 5500 “compliance questions?” Frankly, compared to what the IRS and DOL want to ask, the compliance questions appearing on the 2016 return are a “walk in the park.” The DOL and IRS filed a 777-page proposal for changes to revamp Form 5500. The additional questions may give many employers cause to reconsider the choices they have made for their plans. Derrin Watson, who has over 15 years of experience teaching and writing about Form 5500, will explain the issues involved and answer your questions. You may view the YouTube video of this Webcast by clicking here and click here for a pdf file of the slides.
EPCRS PART I - Overview and Update - 4/11/2017. This was Part I of a two-part series. In Part I, the presenters discussed an overview of EPCRS - including recent updates. If you feel you are always a little behind in your understanding of EPCRS, this is your chance to catch up with the ABCs of the program. The presenters also discussed the eligibility rules for EPCRS and will provide an overview of the types of defects that can be cured using the program. This program would be appropriate as refresher for experienced professionals or a good introduction to this topic for those new to industry. You may view the YouTube video of this Webcast by clicking here and click here for a pdf file of the slides.
A Practical Guide to ERISA Research - 1/26/2017. The difference between a competent employee benefits professional and an expert often is nothing more than knowing where to look for answers. The presenters, Ilene H. Ferenczy, JD, CPC, APA and Tim McCutcheon, JD, CPA, MBA, reveal where they look - not just the statute and regulations but legislative materials, preambles, Q&A compilations, Advisory Opinions, Private Letter Rulings, Revenue Procedures, Notices, FAQs, newsletters, web sites and other secondary sources. You may view the YouTube video of this Webcast by clicking here and click here for a pdf file of the slides.