Subscribe Now!
Free Daily News, Jobs, Webcasts, Discussions
Display and Distribute
Your Job Openings
COVID-19 News
COVID-19 Webcasts

Featured Jobs

Defined Contribution Plan Administrator

The MandMarblestone Group, llc
(Telecommute / Philadelphia PA)

The MandMarblestone Group, llc logo

Plan Administrator

BlueStar Retirement Services, INC.
(Telecommute / Jacksonville FL)

BlueStar Retirement Services, INC. logo

401(k) Client Support Specialist

401K Generation
(Altamonte Springs FL)

401K Generation logo

Retirement Plan Consultant

DWC - The 401(k) Experts

DWC - The 401(k) Experts logo

Retirement Plan Consultant

(Telecommute / Dallas TX / University Place WA / The Woodlands TX)

Definiti logo

Director of Business Development

(Atlanta GA)

ERISA Pros, LLC logo

Retirement Plan Consultant

Cetera Retirement Plan Specialists

Cetera Retirement Plan Specialists logo

Plan Compliance Analyst

Retirement Planners & Administrators
(Telecommute / Falls Church VA)

Retirement Planners & Administrators logo

Defined Benefits Combo Cash Balance Consultant

Loren D. Stark Company (LDSCO)

Loren D. Stark Company (LDSCO) logo

Free Daily News and Jobs

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

-- An attorney subscriber

Mobile App image LinkedIn icon
Twitter icon
Facebook icon
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

Component Plans: Another Way to Design a Cross-Tested Plan [2019]

FIS Relius Education

Apr. 22, 2019
Recorded Online

In designing a cross-tested plan or in addressing nondiscrimination failure, one of the more overlooked “correction” tools is restructuring. Restructuring permits the practitioner to divide the plan into two or more component plans that can be tested separately for nondiscrimination. For example, the practitioner might restructure the plan so that younger highly compensated employees (HCEs) and older nonhighly compensated employees (NHCEs) are in a component plan while the older HCEs are in another component plan with the younger NHCEs. A practitioner might also add flexible family members (family members around whom the employer is not designing the plan) to the plan and then restructure the plan into component plans that facilitates passing nondiscrimination.

With the use of restructuring, practitioners may be able to establish a cross-tested plan for an employer where such a design was thought not possible. The practitioner also may be able to use restructuring to reduce the employer contribution costs for a cross-tested plan. This 100-minute Webcast uses illustrations to help you gain a better understanding of the rules for using restructuring.

Topics include:

  • Using restructuring in testing
  • Dividing into component plans
  • Plan language
  • Correction options
  • Deadlines for corrective action
  • General nondiscrimination testing in component plans
  • Restriction in creating component plans
  • Impact on 401(k) plans
  • Minimum gateways
  • Effect on top heavy

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

  • Identify the situation where a practitioner may use component plans
  • Apply the rules for restructuring
  • Design a plan that is able to take advantage of restructuring
  • Determine where to “draw the lines” for the component plans
  • Explain the benefits of restructuring
  • Determine how restructuring affects coverage, minimum gateways and top heavy
  • Identify the various options for “rescuing” a cross-tested plan
  • Identify the deadlines for taking the respective corrective actions
  • Determine how to apply the general nondiscrimination test in component plans

Speaker: David Schultz, J.D.

More Information, How to Register

© 2020, Inc.