BenefitsLink logo
EmployeeBenefitsJobs logo
Free Daily News and Jobs

“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
Featured Jobs

Retirement Plan Sales Territory Manager (Irving TX / Telecommute)

Account Manager/Client Service - 401k Plans (Peoria IL / Telecommute)

COBRA/FSA Administrator (Pleasant Hill CA)
Senior Plan Document / Compliance Specialist (Philadelphia PA)
Senior Retirement Plan Administrator (Philadelphia PA)
Plan Consultant (IL / NH)

Manager - North America Benefits (Allentown PA)
Get the BenefitsLink app LinkedIn
Twitter
Facebook
Webcasts  >  Upcoming, by Date   |   Recorded
Conferences  >  Upcoming, by Date   |   Upcoming, by Location
Combined  >  Upcoming, by Date   |   Recorded or Upcoming, by Sponsor

View More FIS Relius Education Webcasts and Conferences

Partial Termination and Plan Termination

FIS Relius Education

Sept. 24, 2018
Recorded Online
Webcast

In today’s job market, mobile workforces are the standard and businesses have been downsizing. An often overlooked requirement that may be triggered with a downsizing is the partial termination rule. You can be sure the IRS is not overlooking the rule. They monitor the issue carefully through the Form 5500. A failure to comply with the requirement can result in a qualification failure and an expensive correction. A plan that doesn’t apply the rule correctly will have to make a corrective contribution to those participants who were improperly forfeited, and probably will have to pay a sanction to the IRS. The statute indicates that it is a "facts and circumstances" test but the IRS and courts have provided guidelines and presumptions.

This program also addresses the necessary steps to terminate a plan and the consequences of a plan termination. Practitioners generally know that the plan needs to 100% vest participants upon plan termination. However, many practitioners are unaware of how far back a plan must go in vesting participants. The speaker discusses the necessary amendments that need to be adopted upon plan termination, and using case studies, he demonstrates how to apply the rules.

Topics will include:

  • Partial termination presumptions
  • Turnover rate
  • Employer initiated terminations
  • Vesting on plan termination
  • Plan termination steps
  • Plan termination amendments
  • Determination letters
  • Personnel records

After participating in this program, an attendee should be able to:

  • Analyze whether a partial termination has occurred
  • Determine the plan’s turnover rate
  • Identify when a plan can overcome IRS presumptions regarding partial termination
  • List the steps to terminate a plan
  • Identify the consequences of plan termination
  • Determine which participants must be vested on plan termination
  • Correct a failure to vest upon partial termination
  • Determine when to apply for a determination letter for a partial termination or a plan termination

Speaker: David Schultz, J.D.

Continue by clicking on the following link:
http://www.relius.net/Events/seminardetail.aspx?EID=27203

 
About Us

Testimonials

Privacy Policy

Post a Job

Advertise in the BenefitsLink Newsletters

Add Your Company to the Directory of Vendors and Software

Submit a News Item, Press Release, Webcast or Conference

Contact Us

Payment Portal

© 2019 BenefitsLink.com, Inc.