Subscribe to Free Daily Newsletters
Post a Job

Featured Jobs

DB/CB Plan Administrator

Ingham Retirement Group
(Miami FL / Telecommute)
DC Plan Administrator

The Benefit Advantage
(Auburn Hills MI / Telecommute)
Defined Contribution Plan Administrator

The MandMarblestone Group, llc
(Philadelphia PA / Telecommute)
Retirement Plan Administrator

Group RHI
(Telecommute)
DC Plan Administrator
Heritage Administrative Services, LLC
(Woodbury NY)
Defined Contribution Plan Specialist

Aprio
(Alpharetta GA / AL / NC / Telecommute)
Defined Benefit Plan Administrator

AimPoint Pension
(Telecommute)

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
Twitter
Facebook
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

Universal Availability in 403(b) Plans [2019]

FIS Relius Education

Nov. 21, 2019
Recorded Online
Webcast

With the upcoming end to the 403(b) remedial amendment period (and the adoption of plan documents by more 403(b) sponsors), the IRS is focusing more attention on 403(b) plans. One of the primary focuses in IRS examinations of 403(b) plans is the universal availability requirement. A 403(b) plan, unlike a 401(k) plan, does not have an ADP test. However, 403(b) plans are subject to the universal availability rule (elective deferral nondiscrimination requirement). In general, the universal availability rule requires a 403(b) plan to cover all employees and prohibits the plan from imposing an eligibility requirement with respect to elective deferrals. However, the rule does permit the plan to exclude certain employees (e.g., the 20 hour/week exclusion).

The exclusions come with very specific rules. In recent guidance, the IRS has provided some flexibility with respect to universal availability as to exclusions for ERISA plans and with respect to the application of eligibility requirements for 403(b) plans. Because the universal availability requirement continues to be a hot topic for IRS examiners, understanding the universal availability rule, the exclusions and the recent flexible IRS interpretations is absolutely necessary for all 403(b) practitioners

In this 60-minute webcast, we provide you with an understanding of the universal availability requirement and explain how to correct a violation of this important 403(b) requirement.

Topics include:

  • Universal availability requirement
  • Plans exempt from the requirement
  • Exclusions
  • New IRS guidance
  • ERISA vs. non-ERISA plans
  • 20 hour/week exclusion and the "once in always in" rule
  • Correction of failure

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

  • Explain the universal availability rule
  • Apply the exclusions
  • Implement new IRS guidance
  • Design plans to take advantage of the new guidance
  • Correct a plan that has violated the universal availability requirement
  • Apply properly the 20 hour/week exclusion

Speaker: David Schultz, J.D.

Continue by clicking on the following link:
https://www.relius.net/Events/seminardetail.aspx?EID=27310

© 2019 BenefitsLink.com, Inc.