Establishing Tax-Qualified Retirement Plans: Complicated Rules and Challenges for Employers and Plan Participants

Strafford

IRS Determination Process; Minimum Standards; Plan Types and Formulas; Benefit Accrual, Nondiscrimination, and Funding Rules

This CLE/CPE webinar will guide employee benefits counsel and tax advisers, analyze critical issues in establishing tax-qualified retirement plans, and offer methods to ensure a favorable IRS determination. The panel will discuss federal rules and regulations under the IRC and ERISA, IRS minimum standards in retirement plan design, rules and limitations for benefit accruals, funding, loans, and other vital issues. The panel will also dive into the IRS determination process and methods to secure tax-qualified status for retirement plans.

Description

Employers establishing a tax-qualified retirement plan must consider applicable rules and requirements under the IRC and ERISA. Employee benefits counsel and tax advisers must adhere to minimum standards in plan design, rules, and limitations relating to benefit accruals, funding, and other critical issues to obtain tax-qualified status for retirement plans.

A qualified retirement plan is recognized by the IRS and allows investment income to accumulate on a tax-deferred basis so long as such plan meets the requirements of Section 401(a). Qualified plans must meet minimum standards to be qualified for employers and employees to receive tax benefits related to participation in employee benefit plans.

Employee benefits counsel and tax advisers must address those standards and related issues to ensure compliance with complicated rules to establish a tax-qualified plan.

Listen as our panel discusses federal rules and regulations applicable to tax-qualified retirement plans, IRS minimum standards, and other applicable issues. The panel will also offer techniques for navigating the IRS determination process to secure tax-qualified status for retirement plans.

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