The top-heavy rules of Section 416 of the Code are among the most confusing and aggravating in retirement law. They are sufficiently unpleasant that Congress has offered top-heavy exemptions as an incentive to adopt particular plan designs. This web seminar makes this complex and detail-driven issue understandable and provides solutions for the situations practitioners face daily.
- Key Employee Definition
- Key Employee Attribution
- Top Heavy Testing
- Effect of Distributions
- Safe Harbor 401(k) Exemption
- Vesting Requirements
- Minimum Contributions and Benefits
- Contributions That Can Satisfy Code Requirements
- Frozen Plans
- Deferral-Only Plans
- Document Requirements
No prerequisite or advanced preparation is required for this course. The instructor will assume attendees have a minimum of one year of experience.
Instructional Delivery Method
Group – Internet-Based
NASBA Field of Study: Taxes
Speaker: David Schultz, J.D.
Objectives: After attending this seminar, attendees should be able to:
- Determine whether a plan is top heavy
- Determine whether a participant is a key employee
- Identify the appropriate "look back" period for distributions
- Implement statutory requirements of a top-heavy plan
- Determine the minimum contribution
Continue by clicking on the following link: