Learn about new guidance for individually designed plans; when letters may be available in the future; new approach to remedial amendment periods; changes to interim amendment rules and new tools to help plans make required amendments.
Learn about basic universal availability rules; treatment of adjunct faculty, part-time, seasonal, and temporary employees; the 20 hours per week and 1,000 hours rules; controlled group situations and concerns; Mayo ruling on medical residents and its impact; annual required notice to employees; and ways to find, fix, and avoid universal availability errors.
Learn about Examination program priorities for the new fiscal year; Form 5500 Series return errors and how to avoid them; recurring errors found in 401(k), 403(b), large case, and multi-employer plans; hot topics and issues in Employee Plans today; the recent Compliance Unit projects and summaries of completed projects.
Learn about how Revenue Procedures 2015-27 and 2015-28 make it easier to correct elective deferrals failures; fix ongoing IRC 415 annual addition limit failures affecting some plans; recover overpayments paid to plan participants; and fix some participant loans and required minimum distribution failures through reduced IRS fees.
Learn about low-cost retirement plans; low-maintenance alternatives to traditional 401(k)s; points to consider in choosing a plan for your business; and resources for setting up and operating your plan, and avoiding plan mistakes (60 mins.)
Learn about what type of plans can make loans to participants; what are the conditions a plan must follow to make loans; what are the required terms of a plan loan; how plan loans may be taxable under IRC Section 72(p); when plan loans violate the prohibited transaction rules of IRC Section 4975; how to fix plan errors involving loans.
Learn about who may submit during the second Cycle E; what you must include with your application; how we will process your application; what are the new reference lists; what changes you must make to your plan (Notice 2014-77 - 2014 Cumulative List)?.
Learn about the correction programs available under the Employee Plans Compliance Resolution System (EPCRS); the Voluntary Closing Agreement Program (VCAP) for issues that cannot be addressed under EPCRS; common failures and approaches to addressing those failures; and procedural tips that could facilitate the processing of VCP submissions
Learn about defining “Date of Termination"; reversions – what needs to be done; funding requirements – satisfied as of the date of termination; Pension Benefit Guaranty Corporation (PGBC) issues; Notice of Intent to Terminate the Plan – what is needed.