Understanding Short Plan Years [2018]

FIS Retirement Education

New plans. Terminating plans. Merging plans. Plan year change. Any of these can give rise to a short plan year. This program provides a detailed look at short and changing years in a variety of contexts. The speaker first explains the principles and then provides numerous examples to show you how the rules work in practice.

Topics include:

• Eligibility
• Vesting
• Benefit accrual (defined benefit)
• Allocation conditions (defined contribution)
• Top heavy issues
• HCE determination
• ADP / ACP issues
• 415 limits
• 401(a)(17) compensation limits
• Safe harbor 401(k) plans
• Design considerations
• Allocation issues
• Deferral issues

After attending this web seminar, an attendee should be able to:

• Correctly evaluate and administer plans with short plan years, including new plans, terminating plans, and plans switching year ends
• Determine how a short plan year affects eligibility and vesting
• Apply the ADP and ACP tests
• Calculate 415 limits
• Apply the safe harbor 401(k) plan rules
• Determine the impact on allocations
• Determine highly compensated employees
• Apply properly the top heavy rules
• Calculate the compensation limit

Speaker: David Schultz, J.D.

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