Subscribe to Free Daily Newsletters
Post a Job

Featured Jobs

Assistant Team Leader

Nova 401(k) Associates
(Houston TX / Austin TX / Dallas TX / Scottsdale AZ / Telecommute)
Defined Benefits Combo Cash Balance Consultant

Loren D. Stark Company
(Houston TX / Telecommute)
Plan Document Support Specialist

Actuarial Systems Corporation
(Sylmar CA / Telecommute)
Plan Document ERISA Attorney

Actuarial Systems Corporation
(Sylmar CA / Telecommute)
Client Relationship Manager

Loren D. Stark Company
(Houston TX / Telecommute)
Retirement Plan Sales Territory Manager

Loren D. Stark Company
(Irving TX / Telecommute)
DC Plan Administrator

San Diego Pension Consultants
(San Diego CA)
Compliance Analyst (QKA)

Newport Group
(Folsom CA / Dallas TX / Walnut Creek CA / Annapolis MD / Burlington VT / Charlotte NC / Chicago IL / Fresno CA / Moline IL / Lake Mary FL / Saint Petersburg FL / Saint Louis MO / AL / IA / MN / PA / VA / WI)
Retirement Plan Relationship Advisor

Prosperity Advisors, LLC and SS&G Wealth Management
(Akron OH)
Apprentice - Financial Services and Employee Benefits

Columbia Benefits, LLC
(Englewood CO)
DC 401(k) Plan Administrator

Gelman Pension Consulting, Inc.
(New York NY)
Senior Pension Administrator
Spectra Associates

Free Daily News and Jobs

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Get the BenefitsLink app LinkedIn
Webcasts  >  Upcoming, by Date   |   Recorded
Conferences  >  Upcoming, by Date   |   Upcoming, by State
Combined  >  Upcoming, by Date   |   Recorded or Upcoming, by Sponsor

View More FIS Relius Education Webcasts and Conferences

Rollovers as Business Startups: Here to Stay?

FIS Relius Education

May 31, 2018
Recorded Online

Years ago, a number of firms started promoting 401(k) plans which allow entrepreneurs to use IRA or qualified plan assets to finance the purchase of franchises and other startup businesses. Most practitioners have viewed these arrangements with understandable skepticism about the legality and prudence of such arrangements. The IRS has issued a set of examination guidelines to deal with these transactions and the acronym the IRS has chosen to use only increased the concerns of many practitioners: ROBS (Rollovers as Business Startups).

Yet, it seems that ROBS are here to stay. The guidelines do not rule these arrangements out per se. But they do provide a road map for IRS personnel to use in deciding whether to challenge a ROBS plan, with a focus on nondiscrimination and prohibited transaction issues. This Web seminar will discuss these arrangements and the potential problems they pose. We’ll look in depth at the guidelines and show you the problems, pitfalls, and potential of ROBS, so you can judge for yourself and advise your clients appropriately.

Topics include:

  • ROBS overview
  • Issues and analysis
  • Nondiscrimination
  • Multiple potential prohibited transactions
  • Exclusive benefit rule
  • Permanence requirement
  • Plan communication
  • Invalid valuations
  • Filing
  • IRS enforcement activities


No prerequisite or advanced preparation is required for this course. However, attendees should have a general understanding of the operation of qualified plans and have a minimum of one year of experience. Attendees do not need to understand the operation of ROBS arrangements.

Level: Intermediate.
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:

  • Explain a Rollover as Business Startup arrangement
  • Identify effective availability of benefits, rights, and features offered by a ROBS
  • Identify issues with discriminatory timing of amendments
  • Assess whether a ROBS arrangement is likely to satisfy the IRS guidelines

Continue by clicking on the following link:

© 2020, Inc.