Pro-Rata Contribution Allocation Maximum Compensation and Contribution Limits Based on 2015 Plan Year
|
|
- Ellen Leonard
- 5 years ago
- Views:
Transcription
1 Pro-Rata Contribution Allocation Name Job Age Comp. Rate Allocation Garcia Nurse 41 $ 55,000 20% $ 11,000 Dr. Johnson Doctor, HCE 46 $ 265,000 20% $ 53,000 Koop Nurse 33 $ 45,000 20% $ 9,000 Parish Orderly 26 $ 25,000 20% $ 5,000 Sheets Receptionist 29 $ 30,000 20% $ 6,000 Dr. Smith Doctor, HCE 51 $ 265,000 20% $ 53,000 TOTAL $ 685,000 $ 137,000 Employee Cost = $ 31,000 (22.63%)
2 Class Allocated 4 Levels Name Job Age Comp. Rate Allocation Garcia Nurse 41 $ 55,000 10% $ 5,500 Dr. Johnson Doctor, HCE 46 $ 265,000 20% $ 53,000 Koop Nurse 33 $ 45,000 10% $ 4,500 Parish Orderly 26 $ 25,000 5% $ 1,250 Sheets Receptionist 29 $ 30,000 7% $ 2,100 Dr. Smith Doctor, HCE 51 $ 265,000 20% $ 53,000 TOTAL $ 685,000 $ 119,350 Employee Cost = $ 13,350 (11.19%)
3 Class Allocated 2 Levels Name Job Age Comp. Rate Allocation Garcia Nurse 41 $ 55,000 5% $ 2,750 Dr. Johnson Doctor, HCE 46 $ 265,000 20% $ 53,000 Koop Nurse 33 $ 45,000 5% $ 2,250 Parish Orderly 26 $ 25,000 5% $ 1,250 Sheets Receptionist 29 $ 30,000 5% $ 1,500 Dr. Smith Doctor, HCE 51 $ 265,000 20% $ 53,000 TOTAL $ 685,000 $ 113,750 Employee Cost = $ 7,750 (6.81%)
4 401(k) with 3% Safe Harbor + Class Allocated Profit Sharing Name Job Age Comp. Salary Deferral Safe Harbor Profit Sharing Garcia Nurse 41 $ 55,000 $ 1,650 $ 1,650 $ 770 Dr. Johnson Doctor, HCE 46 $ 265,000 $18,000 $ 7,950 $ 27,050 Koop Nurse 33 $ 45,000 $ 1,350 $ 1,350 $ 630 Parish Orderly 26 $ 25,000 $ 0 $ 750 $ 350 Sheets Receptionist 29 $ 30,000 $ 900 $ 900 $ 420 Dr. Smith Doctor, HCE 51 $ 265,000 $ 24,000 $ 7,950 $ 27,050 TOTAL $ 685,000 $ 45,900 $ 20,550 $ 56,270 Employee Cost = $ 6,820 (8.89%)
5 401(k) with 4% Safe Harbor Match + Class Allocated Profit Sharing Name Job Age Comp. Salary Deferral Safe Harbor Profit Sharing Garcia Nurse 41 $ 55,000 $ 2,200 $ 2,200 $ 1, Dr. Johnson Doctor, HCE 46 $ 265,000 $18,000 $ 10,600 $ 24,400 Koop Nurse 33 $ 45,000 $ 1,800 $ 1,800 $ 1, Parish Orderly 26 $ 25,000 $ 0 $ 0 $ Sheets Receptionist 29 $ 30,000 $ 1,200 $ 1,200 $ 921 Dr. Smith Doctor, HCE 51 $ 265,000 $ 24,000 $ 10,600 $ 24,400 TOTAL $ 685,000 $ 47,200 $ 26,400 $ 53, Employee Cost = $ 9, (12.45%)
6 401(k) Safe Harbor Triple Stacked Match Name Job Age Comp. Salary Deferral ADP Safe Harbor Match ACP Safe Harbor Match Discretionary Safe Harbor Match Garcia Nurse 41 $ 55,000 $ 2,200 $ 2,200 $ 1, $ 1, Dr. Johnson Doctor, HCE 46 $ 265,000 $18,000 $ 10,600 $ 13, $ 10, Koop Nurse 33 $ 45,000 $ 1,800 $ 1,800 $ 1, $ 1, Parish Orderly 26 $ 25,000 $ 0 $ 0 $ 0 $ 0 Sheets Receptionist 29 $ 30,000 $ 1,200 $ 1,200 $ 1, $ Dr. Smith Doctor, HCE 51 $ 265,000 $ 24,000 $ 10, 600 $ 13, $ 10, TOTAL $ 685,000 $ 47,200 $ 26,400 $ 32, $ 24, Employee Cost = $ 13, (15.90%)
7 401(k) / Defined Benefit Combo Plan Contribution requirements in Defined Benefit Plans rely on several factors including employee demographics and value of plan assets. For a Defined Benefit Pension Plan or Combo Plan proposal based on your company demographics please contact our office. Name Job Age Comp. Salary Deferral Safe Harbor Match Profit Sharing Defined Benefit Garcia Nurse 41 $ 55,000 $ 2,200 $ 2,200 $ 3,300 $ 1,200 Dr. Johnson Doctor, HCE 46 $ 265,000 $18,000 $ 10,600 $ 0 $ 150,000 Koop Nurse 33 $ 45,000 $ 1,800 $ 1,800 $ 2,700 $ 700 Parish Orderly 26 $ 25,000 $ 0 $ 0 $ 1,500 $ 400 Sheets Receptionist 29 $ 30,000 $ 1,200 $ 1,200 $ 1,800 $ 500 Dr. Smith Doctor, HCE 51 $ 265,000 $ 24,000 $ 10, 600 $ 0 $ 150,000 TOTAL $ 685,000 $ 47,200 $ 26,400 $ 9,300 $ 302,800 Employee Cost = $ 17,300 (5.11%)
8 Comparison of Employee Costs Plan Design Employee Cost Pro-Rata Contribution Allocation $ 31,000 Class Allocated 4 Levels $ 13,350 Class Allocated 2 Levels $ 7, (k) with 3% Safe Harbor + Class Allocated Profit Sharing $ 6, (k) with 4% Safe Harbor Match + Class Allocated Profit Sharing $ 9, (k) Safe Harbor Triple Stacked Match $ 13, (k) / Defined Benefit Combo Plan $17,300
Workshop 4 Combination Design
Workshop 4 Combination Design Sara DeFilippo Dunbar, Bender & Zapf Inc. Karen Smith Nova 401(k) Associates Why? 1 Agenda Employer match PBGC premiums Mortality changes (time permitting) Not on Agenda Issues
More informationX-TREME CROSS-TESTING
X-TREME CROSS-TESTING Presented by: Charles Lockwood, J.D., LL.M. www.asc-net.com clockwood@asc-net.com Coverage and Nondiscrimination Limits extent to which plans can be designed in favor of HCEs = must
More informationOptions for Retirement Benefits OPTIONS FOR RETIREMENT BENEFITS. Charles M. Lax
OPTIONS FOR RETIREMENT BENEFITS Charles M. Lax INTRODUCTION Your Name Your Company Your Position Your Companies Retirement Plan(s) 2 WHAT S COMMON IN MOST QUALIFIED RETIREMENT PLANS? Tax Benefits Income
More informationCommon ERISA Compliance Problems and How to Correct Them
Common ERISA Compliance Problems and How to Correct Them Phyllis P. Rimkus, Rimkus Marciano & Associates, Inc. Raymond N. McCabe, Esq. Barclay Damon, LLP Jurisdiction over ERISA Plans Jurisdiction over
More informationSTRATEGIC PLAN DESIGN: SMART SOLUTIONS FOR OVERCOMING FAILED ADP/ACP TESTING
STRATEGIC PLAN DESIGN: SMART SOLUTIONS FOR OVERCOMING FAILED ADP/ACP TESTING Q&A FROM THE JULY 19, 2018 WEBINAR Does Newport Group offer combined qualified and non-qualified plan solutions that can provide
More informationGuide to your Year-End Employer Contribution Report Package
ADP Retirement Services Guide to your Year-End Employer Contribution Report Package IMPORTANT DEADLINES: March 1 For Clients with March 15th Corporate Due Date November 30 December 14 Last day for ADP
More informationThe Basic Rules of Cross-Testing
The Basic Rules of Cross-Testing Karen Smith, President, Nova 401(k) Associates Karen Smith, President, Nova 401(k) Associates Karen Smith is the President of Nova 401(k) Associates in Houston. She has
More informationEnhanced Safe Harbor Plan Designs
Enhanced Safe Harbor Plan Designs Robert M. Kaplan, CFP, CPC, QPA, APA Los Angeles Benefits Conference 2015 Workshop #24 Agenda I. Compensation Issues II. Creative Use of Match III. Top Heavy Exemption
More informationErrors and acceptable correction methods Revised May 2017
Revised May 2017 SCP and VCP Error Index Error Description 01 Failure to properly provide the minimum top-heavy benefit or contribution to non-key employees. 02 Failure to satisfy the ADP test, the ACP
More informationRetirement Plan Solutions for High New Worth Business Owners
Retirement Plan Solutions for High New Worth Business Owners BILL SCHORIES, CIMA, AIF, CRPS VICE PRESIDENT, SENIOR RETIREMENT CONSULTANT MAY 17, 2017 Not FDIC Insured May Lose Value Not Bank Guaranteed
More informationCompliance Coordination
Compliance Coordination Kim Martin, APA, CPC, QPA NIPA, Education Director Bates & Company, Inc., Account Executive 1 Compliance Tests Elective Deferral Limits ADP & ACP Tests 414(s) Compensation Test
More information9/21/2015. Short Plan Year Issues 1. Disclaimer
Short Plan Year Issues 1 Disclaimer The information and opinions presented today are those of the presenter and do not necessarily represent the opinions or positions of ASPPA. Short Plan Year Issues 2
More informationCompensation - The Backbone of Retirement Plan Testing
Compensation - The Backbone of Retirement Plan Testing Robert M. Richter, J.D., LL.M. VP FIS Relius 3 Definitions 415 Compensation 415 limits Top-heavy minimums 414(s) Compensation Nondiscrimination testing
More informationWHAT MATTERS. Who IS EZTPA MOST TO YOU? MINIMIZING COSTS MAXIMIZING THE TAX DEDUCTION ATTRACTING & RETAINING EMPLOYEES
WHAT MATTERS MOST TO YOU? Who IS EZTPA MINIMIZING COSTS 401(k) Plan Employer Match Plan When you chose a 401(k)-plan administrator for your retirement plan, you want proficiency and experience that addresses
More informationCompliance Tests What Are They and How Do I Interpret the Results? By: Janice Herrin & Melissa Howard, CPC, QPA, QKA
Compliance Tests What Are They and How Do I Interpret the Results? By: Janice Herrin & Melissa Howard, CPC, QPA, QKA Agenda Prerequisites Highly Compensated Employees (HCEs) Key Employees 410b Coverage
More informationProfit Sharing Plan Executive Summary January 2018
Profit Sharing Plan Executive Summary January 2018 3000 Lava Ridge Court, Suite 130 Roseville, CA 95661 Tel (916) 773-3480 Fax (916) 773-3484 6400 Canoga Avenue, Suite 250 Woodland Hills, CA 91367 Tel
More informationCoverage and Nondiscrimination Testing with Related Employers S. Derrin Watson, JD, APM. Copyright 2017 S. Derrin Watson, all rights reserved
Coverage and Nondiscrimination Testing with Related Employers S. Derrin Watson, JD, APM Copyright 2017 S. Derrin Watson, all rights reserved 1 What we ll cover Basic principles Plan considerations and
More informationSome important limitations that must be taken into consideration with plan design (limits described below are 2019 limits and do change for COLA):
PLAN DESIGN CONSIDERATIONS - INITIAL PLAN DESIGN Objective: Optimize contributions for owners/partners Provide options for plans with multiple owners/partners to allow each owner/partner to determine their
More informationEmployee Benefit Plan Section 401(k) Requirements (Worksheet Number 12 Determination of Qualification)
Form 9002 (November 2006) See Explanation Number 12 (Rev. 11-2006) for guidance in completing this form. Employee Benefit Plan Section 401(k) Requirements (Worksheet Number 12 Determination of Qualification)
More informationALI-ABA Course of Study Pension, Profit-Sharing, Welfare, and Other Compensation Plans April 25-27, 2012 Chicago, Illinois
21 ALI-ABA Course of Study Pension, Profit-Sharing, Welfare, and Other Compensation Plans April 25-27, 2012 Chicago, Illinois ESOP: A Special Form of Retirement Plan By Gregory K. Brown Gary W. Howell
More informationHow to Understand Your Compliance Testing Summary
How to Understand Your Compliance Testing Summary Abbreviations and acronyms used in this summary: ACP Actual Contribution Percentage test ADP Actual Deferral Percentage test DOL Department of Labor HCE
More informationSmall business plans Business owner guide
Small business plans Business owner guide Contents 1 Why consider a retirement plan? 2 SEP Plan 4 SIMPLE IRA 6 Age-Weighted Profit Sharing Plan 8 New Comparability Profit Sharing Plan 10 Safe Harbor 401(k)
More information403(b) ADOPTION AGREEMENT FOR METROPOLITAN LIFE INSURANCE COMPANY
403(b) ADOPTION AGREEMENT FOR METROPOLITAN LIFE INSURANCE COMPANY 403(b) Plan Employer Contributions and Elective Deferrals The undersigned Eligible Employer, by executing this Adoption Agreement, elects
More informationCreative Retirement Plan Designs & Mining for Prospects 2018 Tony Panagiotu, Attorney, CPA President Panagiotu Pension Advisors, Inc.
Creative Retirement Plan Designs & Mining for Prospects 2018 Tony Panagiotu, Attorney, CPA President Panagiotu Pension Advisors, Inc. WHAT IS THE GOAL OF YOUR COMPANY S RETIREMENT PLAN? Recruitment Retention
More informationHow to Understand Your Testing Cover Letter Materials
How to Understand Your Testing Cover Letter Materials Your test results cover letter consists of your letter and several enclosures. We encourage you to read your letter and all of the material included.
More information401(k) Plan Testing 101. Kimberly B. Martin, APA, CPC, QPA NIPA, Education Director Bates & Company, Inc., Account Executive
401(k) Plan Testing 101 Kimberly B. Martin, APA, CPC, QPA NIPA, Education Director Bates & Company, Inc., Account Executive Kimberly B. Martin, APA, CPC, QPA NIPA, Education Director Bates & Company, Inc.,
More informationPENSION EDUCATOR SERIES GLOSSARY
PENSION EDUCATOR SERIES GLOSSARY 2 1% Owner An employee who owns more than 1% of the outstanding stock or more than 1% of the total combined voting power of all stock in a corporation; or more than 1%
More informationGuide to your Year End Compliance Test Package
ADP Retirement Services Guide to your Year End Compliance Test Package Refer to page 4 for important deadlines. ADP, the ADP logo and ADP A more human resource are registered trademarks of ADP, LLC. All
More information403(b) IDP Employer Contributions & Elective Deferrals Plan 05/15/2017 Checklist
403(b) IDP Employer Contributions & Elective Deferrals Plan 05/15/2017 1. EMPLOYER; PLAN (1.27; 1.50). Name: Employer's Address: (Street - Physical not P.O. Box) 5. EFFECTIVE DATE (1.21). The Employer
More informationADP Testing: Conquering the Calculations
ADP Testing: Conquering the Calculations presented by: Rajean M. Bosier, CPC, QPA, CEBS presented to: American Society of Pension Actuaries 2001 Summer Conference July 22-25, 2001 Noteworthy Caution: This
More information10/18/2016. Cutting things short. S. Derrin Watson FIS
Cutting things short S. Derrin Watson FIS 1 Establishment of new plan or contribution source New document example: Employer wants to set up plan with calendar plan year Employer sets the effective date
More informationERISA 403(b) Compliance & Administration Plan Data Form
ERISA 403(b) Compliance & Administration Plan Data Form Page 1 of 4 NewBus-814 (10-2013) ERISA 403 (b) Compliance & Administration Plan Data Form 1 Plan Sponsor Employer Legal Name Employer Mailing Address,
More informationBackground. 401(k) Plans Automatic Enrollment & Safe Harbor after PPA
401(k) Plans Automatic Enrollment & Safe Harbor after PPA Pam Thein Partner, Oppenheimer Wolff & Donnelly LLP Kim Wright - Vice President, Regional Director, Wachovia Retirement Services September 10,
More informationUnderstanding Nondiscrimination Testing
Understanding Nondiscrimination Testing A WHITE PAPER BY Pentegra Retirement Services 2 Enterprise Drive, Suite 48 Shelton, CT 6484-4694 8.872.3473 tel 23.925.674 fax www.pentegra.com Nondiscrimination
More informationUnderstanding the 401(k) & (m) Internal Revenue Service (IRS) Regulation Changes
RETIREMENT SERVICES MassMutual ERISA Advisory Services SM Understanding the 401(k) & (m) Internal Revenue Service (IRS) Regulation Changes INVEST INSURE RETIRE Contents Overview.....................................................................................1
More informationCatch-Up Contributions for Individuals Age 50 or Over
Comments to the Internal Revenue Service CC:IT&A:RU Catch-Up Contributions for Individuals Age 50 or Over 26 CFR Part 1 REG-142499-01 RIN 1545-BA24 Federal Register Vol. 66, No. 205 October 23, 2001 pp.
More informationPresented By: Terry Smith CPC, QPA, QKA Assistant Vice President, Account Manager Amanda Wielk CEBS Assistant Vice President, Account Manager
Presented By: Terry Smith CPC, QPA, QKA Assistant Vice President, Account Manager Amanda Wielk CEBS Assistant Vice President, Account Manager Today s Agenda Eligibility Trends and Considerations Roth 401(k)
More informationERISA 403(b) Compliance Plan design considerations for tax-exempt organizations
ERISA 403(b) Compliance Plan design considerations for tax-exempt organizations Wayne McClain III, JD Senior Counsel / AVP / CCO Lincoln Financial Group, Retirement Plan Services Wayne McClain III, JD
More informationImportant Approaching Deadlines Please make note of these important approaching deadlines for calendar year plans:
Important Approaching Deadlines Please make note of these important approaching deadlines for calendar year plans: December 31, 2018 Final deadline for processing corrective actual deferral percentage
More informationPlan Sponsor Webcast Series
Plan Sponsor Webcast Series Roth 401(k) Contributions, Safe Harbor 401(k) Plans and Automatic Enrollment Amy Pocino Kelly Julia L. Bringhurst www.morganlewis.com May 5, 2010 Roth 401(k) Contributions 2
More informationCorrecting 401(k) Testing and Errors The New EPCRS. Charles D. Lockwood, J.D., L.LM ASC Avaneesh Bhaget, Group Manager, IRS
Correcting 401(k) Testing and Errors The New EPCRS Charles D. Lockwood, J.D., L.LM ASC Avaneesh Bhaget, Group Manager, IRS 1 Charles D. Lockwood, J.D., L.LM ASC Charles D. Lockwood, J.D., and LL.M. (Taxation),
More informationDecember 26, Carol Weiser Acting Benefits Tax Counsel U.S. Department of the Treasury 1500 Pennsylvania Avenue NW Washington, DC 20220
December 26, 2018 Carol Weiser Acting Benefits Tax Counsel U.S. Department of the Treasury 1500 Pennsylvania Avenue NW Washington, DC 20220 David Horton Acting Commissioner Tax Exempt and Government Entities
More informationSchwab Retirement Technologies
1 Mapping of Plan Sources 1. System level User Defined Description should match Global Source Description 2. Plan level Map to Source Type allows plan sources to map to an source; sources mapped to same
More informationContents. Introduction to PSCA s 58th Annual Survey Respondent Demographics Employee Eligibility Participant Contributions...
Introduction to PSCA s 58th Annual Survey... 1 Respondent Demographics... 2 Table 1 Respondents by plan size and plan type... 2 Table 2 Respondents by total plan assets and plan type... 4 Table 3 Respondents
More informationWorkshop 30: It s Greek To Me Real Life Mergers & Acquisitions
Workshop 30: It s Greek To Me Real Life Mergers & Acquisitions Presented by Sal Koumantaro s Yannis Tripodi 1 Case Study #1 Duty Trumps Loyalty? Trump Corp 245 employees 401k plan, ADP-tested 50% on first
More informationVolume Submitter 401(k) Profit Sharing Plan Adoption Agreement
Volume Submitter 401(k) Profit Sharing Plan Adoption Agreement EMPLOYER INFORMATION Name of Adopting Employer STRATFOR ENTERPRISES LLC Address _ 221 W 6TH ST STE 400 City AUSTIN State TX Zip 78701-3426
More informationWhat does a TPA do? We are your shield of protection for
What does a TPA do? Assist brokers-advisors with questions Consult on initial plan design. Draft the plan document Perform up to twelve IRS non-discrimination and limitation tests Provide scenarios to
More informationCross-Testing Beyond The Basics. Karen Smith, President, Nova 401(k) Associates
Cross-Testing Beyond The Basics Karen Smith, President, Nova 401(k) Associates Audience Level Advanced Solid experience with coverage testing and 401(a)(4) testing Solid experience with cross testing Time
More informationADOPTION AGREEMENT FOR THE DATAIR MASS-SUBMITTER PROTOTYPE SHORT FORM NON-STANDARDIZED CASH OR DEFERRED PROFIT SHARING PLAN
ADOPTION AGREEMENT FOR THE DATAIR MASS-SUBMITTER PROTOTYPE SHORT FORM NON-STANDARDIZED CASH OR DEFERRED PROFIT SHARING PLAN 01-041 ADOPTION AGREEMENT FOR THE DATAIR MASS-SUBMITTER PROTOTYPE SHORT FORM
More informationCorrecting Qualified Plan Errors under EPCRS
Correcting Qualified Plan Errors under EPCRS This is just one example of the many online resources Practical Law Company offers. Andy Wang and Jennifer Kobayashi, Wang Kobayashi Austin, LLC with PLC Employee
More information2019 Plan Sponsor ERISA Compliance Calendar
January 2019 Plan Sponsor ERISA Compliance Calendar 15 Deadline for defined benefit (DB) plans to make their last required quarterly contribution for 2018 to the plan trust i.e., due 15 days after the
More information2011 Year-End Compliance Information
2011 Year-End Compliance Information Compliance testing and reporting are annual requirements that are part of the ongoing qualified tax status of a retirement plan. American United Life Insurance Company
More informationPeriodic Compliance Test Package Guide
ADP Retirement Services Periodic Compliance Test Package Guide ADP, the ADP logo and ADP A more human resource are registered trademarks of ADP, LLC. All other trademarks and service marks are the property
More informationQualified Plan Pitfalls: Top Tens You Won t See on Letterman
2010 HUMAN RESOURCES SEMINAR Qualified Plan Pitfalls: Top Tens You Won t See on Letterman George L. Whitfield Warner Norcross & Judd LLP gwhitfield@wnj.com 616-752-2102 Qualified Plan Pitfalls WHAT WE
More informationContents. Executive Summary Full Data Tables Respondent Demographics Employee Eligibility Participation...
Executive Summary... 1 Full Data Tables... 14 Respondent Demographics... 15 Table 1 Respondents by plan size and plan type... 15 Table 2 Respondents by total plan assets and plan type... 15 Table 3 Respondents
More informationA Financial Planners Guide to. Cash Balance Plans. Presented by: Charles Munsell.
A Financial Planners Guide to Cash Balance Plans Presented by: Charles Munsell www.nyhart.com Agenda Historical perspective What are cash balance plans? How do the plans work? What is the role of the planner?
More information401(k) Employer Guide
401(k) Employer Guide The Solution for Your Company s Retirement Plan 1 Highlights of the Slavic401k Retirement Savings Plan 1. Plan Custody Plan funds are held in custody by Fidelity Investments and
More information1/6/2016. Compliance Issues: When Molehills become Mountains. 1. Reporting or using incorrect compensation
Compliance Issues: When Molehills become Mountains Presented by: Marilyn Ryding, AIF Elizabeth Hopkins, Department of Labor 1. Reporting or using incorrect compensation Compliance testing may be wrong
More informationLook for the redesigned PlanFacts in May! March 15, 2016 Make Corrective Distributions for Excess 2015 Contributions. For plan year end
As you may know, Verisight, DailyAccess and The Newport Group will unite under a single brand Newport Group. Our new brand will officially launch on March 31. You will be seeing our new name in the next
More informationEPCRS: REV. PROC
The Pension Library ERISA Newsletter Number 2013-1 EPCRS: REV. PROC. 2013-12 Table of Contents 1 Introduction... 2 2 Overview... 2 2.1 SCP.... 2 2.2 VCP.... 4 2.3 Audit CAP.... 5 2.4 Complete and appropriate
More informationHEALTH CARE COST SOLUTIONS, INC. HEALTH CARE COST SOLUTIONS PENSION PLAN AMENDMENT #3
HEALTH CARE COST SOLUTIONS, INC. HEALTH CARE COST SOLUTIONS PENSION PLAN AMENDMENT #3 IMPLEMENTATION OF FINAL REGULATIONS UNDER SECTIONS 401(K) and 401(M) Section 1. General Rules 1.1. Adoption and Effective
More informationForfeiture Stories for a Late Night Campfire Workshop #27, October 19, 2015
Forfeiture Stories for a Late Night Campfire Workshop #27, October 19, 2015 Presented by: Adam C. Pozek of DWC ERISA Consultants, LLC and Bill Presson of EGPS, Inc. What forfeitures aren t What forfeitures
More information401(k) Plan Executive Summary January 2018
401(k) Plan Executive Summary January 2018 3000 Lava Ridge Court, Suite 130 Roseville, CA 95661 Tel (916) 773-3480 Fax (916) 773-3484 6400 Canoga Avenue, Suite 250 Woodland Hills, CA 91367 Tel (818) 716-0111
More informationEQUITY QUESTIONNAIRE YEAR ENDING DECEMBER 31, 2012 AMBROSE MULTIPLE EMPLOYER RETIREMENT SAVINGS PLAN
EQUITY QUESTIONNAIRE YEAR ENDING DECEMBER 31, 2012 AMBROSE MULTIPLE EMPLOYER RETIREMENT SAVINGS PLAN IMPORTANT NOTICE (PLEASE READ) IN ORDER FOR AMBROSE TO COMPLETE THE RETIREMENT PLAN TESTING 1 AS REQUIRED
More information401(k) Basics Webcast
401(k) Basics Webcast Lisa H. Barton Elizabeth Kennedy www.morganlewis.com February 16, 2010 What Is a 401(k) Plan? A qualified cash or deferred arrangement within a tax-qualified profit sharing or stock
More information401(a)(26), Top Heavy, and Coverage Basics for Defined Benefit Plans
401(a)(26), Top Heavy, and Coverage Basics for Defined Benefit Plans Lauren R. Okum, ASA, EA, MAAA, MSPA Owner and Actuary, Premier Actuarial Solutions Page 0 1 Lauren R. Okum, ASA, EA, MAAA, MSPA Owner
More informationMULTIPLE EMPLOYER PARTICIPATION AGREEMENT
MULTIPLE EMPLOYER PARTICIPATION AGREEMENT MSABC Multiple Employer 401(k) Plan An Employer, by executing this Multiple Employer Participation Agreement, elects to become a Participating Employer in the
More informationASPPA s Quarterly Journal for Actuaries, Consultants, Administrators and Other Retirement Plan Professionals
SPRING 2010 :: VOL 40, NO 2 ASPPAJournal ASPPA s Quarterly Journal for Actuaries, Consultants, Administrators and Other Retirement Plan Professionals Back-to-Basics: Average Deferral Percentage Test by
More information401(k) Plan Testing 201
401(k) Plan Testing 201 Kimberly B. Martin, APA, CPC, QPA NIPA, Education Director Bates & Company, Inc., Account Executive Kimberly B. Martin, APA, CPC, QPA NIPA, Education Director Bates & Company, Inc.,
More informationMake ADP/ACP Testing Great Again. Steve Riordan, CPC, QPA, QKA Director of Testing and Reporting Services Fidelity Investments
Make ADP/ACP Testing Great Again Steve Riordan, CPC, QPA, QKA Director of Testing and Reporting Services Fidelity Investments Steve.Riordan@fmr.com 1 Agenda ADP/ACP Testing Overview Compensation Disaggregation
More informationEACA/QACA Summary of Material Modifications
EACA/QACA Summary of Material Modifications Name of Plan University of Portland Defined Contribution And Tax Deferred Annuity Name of Adopting Employer University of Portland Plan Sequence Number 001 Plan
More information401(k) Fiduciary Toolkit. Sponsored by ishares. Prepared by The Wagner Law Group. Due Diligence. Due Diligence Review of Existing 401(k) Plans
401(k) Fiduciary Toolkit Sponsored by ishares Prepared by The Wagner Law Group Due Diligence Due Diligence Review of Existing 401(k) Plans IMPORTANT INFORMATION The Wagner Law Group has prepared this guide.
More informationKevin J. Donovan, CPA, MSPA Pinnacle Plan Design, LLC. Compensation Uses
Compensation Concerns Monday, April 29, 2013 Kevin J. Donovan, CPA, MSPA Pinnacle Plan Design, LLC Compensation Uses Determine HCE status Allocations or benefit accruals 415 limits Top Heavy minimums Non-discrimination
More informationErrors and Acceptable Correction Methods, Index
Errors and Acceptable Correction Methods, Index Error Index Error Description SCP Failure to properly provide the minimum top-heavy benefit or contribution to non-key employees. AND VCP Failure to satisfy
More informationContents. Executive Summary Full Data Tables Respondent Demographics Employee Eligibility Participation...
Executive Summary... 1 Full Data Tables... 14 Respondent Demographics... 15 Table 1 Respondents by plan size and plan type... 15 Table 2 Respondents by total plan assets and plan type... 15 Table 3 Respondents
More informationADOPTION AGREEMENT FOR FIS BUSINESS SYSTEMS LLC STANDARDIZED 401(K) PROFIT SHARING PLAN
ADOPTION AGREEMENT FOR FIS BUSINESS SYSTEMS LLC STANDARDIZED 401(K) PROFIT SHARING PLAN CAUTION: Failure to properly fill out this Adoption Agreement may result in disqualification of the Plan. Standardized
More informationSIMPLIFIED. Employee Pension Plan. John Hancock Investments. Your SEP/SARSEP retirement plan guide for small businesses and self-employed individuals
John Hancock Investments SIMPLIFIED Employee Pension Plan Your SEP/SARSEP retirement plan guide for small businesses and self-employed individuals EMPLOYER DOCUMENTS Employer information This kit contains
More informationThe In s and Out s of Plan Amendments and Current Document Issues
The In s and Out s of Plan Amendments and Current Document Issues Robert M. Richter, J.D., LL.M., APM, Vice President, SunGard Relius Donald Kieffer, Esq., Tax Law Specialist, IRS Robert Richter, JD, LLM,
More informationIRS restructures pre-approved qualified plan program
Important information Plan administration and operation IRS restructures pre-approved qualified plan program Who s affected These changes affect qualified defined benefit and defined contribution plans
More informationCorrecting Elective Deferral Failures. Stephen W. Forbes, J.D., LL.M. (taxation) Timothy McCutcheon, Esq., CPA, MBA
Correcting Elective Deferral Failures Stephen W. Forbes, J.D., LL.M. (taxation) Timothy McCutcheon, Esq., CPA, MBA Your Presenters Today Stephen W. Forbes, JD, LLM Tim McCutcheon, JD, CPA, MBA 2 Correcting
More informationNon-Discrimination Tests Used
Including Gateway & Safe Harbor Contributions Chad Blech Jim Buchman Non-Discrimination Tests Used Tests involved 410(b) Average Benefits Percentage Test While not actually part of general testing, is
More informationTYPES OF QUALIFIED PLANS
Chapter 2 by Richard A. Naegele, J.D., M.A. Wickens, Herzer, Panza, Cook & Batista Co. 35765 Chester Road Avon, OH 44011-1262 Phone: (440) 695-8074 Email: RNaegele@WickensLaw.com Website: www.wickenslaw.com
More informationFiduciary compliance reviews: For your defined-contribution plan
Fiduciary compliance reviews: For your defined-contribution plan A fiduciary compliance review is not the same as the annual ERISA audit. We will explore some of the aspects of the review and some areas
More information401(k) Plan Design Checklist
401(k) Plan Design Checklist 250 State Street Mobile, AL 36603 877-401-5100 251-436-0800 Table of Contents Summary...3-4 A. General Information...5 B. Eligibility...6-7 C. Compensation...7 D. Employee
More informationASPPAJournal. Plan Design for Professional Groups THE
SUMMER 2008 :: VOL 38, NO 3 ASPPAJournal ASPPA s Quarterly Journal for Actuaries, Consultants, Administrators and Other Retirement Plan Professionals Plan Design for Professional Groups by Norman Levinrad,
More informationCompensation Quandary
Compensation Quandary Robert M. Richter, FIS Relius Avannesh K. Bhagat, IRS Robert M. Richter, FIS Relius Robert M. Richter, JD, LL.M. is a Vice President with FIS (formerly SunGard) in Jacksonville, Florida.
More informationConference Line PLEASE CALL THIS NUMBER (800)
Conference Line PLEASE CALL THIS NUMBER (800)811-8824 Participant Passcode: 239352 You will be asked for your first and last name and your email address. You will be put on hold until the presentation
More informationCYCLE E. Form 9416 (March 2010) For IRS Use
Form 9416 (March 2010) For IRS Use 1011, 1102, 1103 II.a.(i), (ii) Department of Treasury Internal Revenue Service Date Employee Plans Deficiency Checksheet Attachment #11 Section 401(m) Requirements Please
More informationTHE LIFE OF A PLAN CASE STUDY Acquisitions. Charles D. Lockwood, J.D., L.LM ASC
THE LIFE OF A PLAN CASE STUDY Acquisitions Charles D. Lockwood, J.D., L.LM ASC 1 Charles D. Lockwood, J.D., L.LM ASC Charles D. Lockwood, J.D., and LL.M. (Taxation), has over 20 years experience in the
More informationQUALIFIED PLAN DESIGN. Salmon Enterprises PENDEAS - Pension Ideas Illustration System Sample Comparison Reports PREPARED BY:
QUALIFIED PLAN DESIGN FOR Salmon Enterprises PENDEAS - Pension Ideas Illustration System Sample Comparison Reports PREPARED BY: BLAZE SSI Corp Box 333, Brielle, NJ 08730 732-223-5575 DATE PREPARED: 03/01/2016
More informationADOPTION AGREEMENT FOR FIS BUSINESS SYSTEMS LLC VOLUME SUBMITTER 401(K) PROFIT SHARING PLAN
ADOPTION AGREEMENT FOR FIS BUSINESS SYSTEMS LLC VOLUME SUBMITTER 401(K) PROFIT SHARING PLAN CAUTION: Failure to properly fill out this Adoption Agreement may result in disqualification of the Plan. Volume
More informationCompensation Consternation S. Derrin Watson. Copyright 2010, SunGard, all rights reserved
Compensation Consternation S. Derrin Watson Copyright 2010, SunGard, all rights reserved Consider This: Safe harbor 401(k) plan 3% QNEC Cross-tested profit sharing contribution. Catch-ups OK Employees
More informationUNDERSTANDING 401(K) AND PROFIT SHARING PLANS. Choosing an option that benefits your business and your employees.
UNDERSTANDING 401(K) AND PROFIT SHARING PLANS Choosing an option that benefits your business and your employees. UNDERSTANDING 401(K) AND PROFIT SHARING PLANS As a business owner, you re likely concerned
More informationRetirement Program Options for Professional Firms Benefits and Risks
Retirement Program Options for Professional Firms Benefits and Risks Many employers in today s environment view a retirement program as a necessary evil a costly means to attract and retain qualified employees.
More informationPuerto Rico Tax Qualified Retirement Plans: Navigating through the Statutory Maze
Puerto Rico Tax Qualified Retirement Plans: Navigating through the Statutory Maze Disclaimer The contents of this presentation has been prepared for educational purposes only. It is not intended as, and
More information401(k) Plan Nondiscrimination Testing: Guidance for Employee Benefits Counsel
Presenting a live 90-minute webinar with interactive Q&A 401(k) Plan Nondiscrimination Testing: Guidance for Employee Benefits Counsel Meeting IRS Requirements, Avoiding Corrective Distributions, Evaluating
More informationNON-STANDARDIZED SHORT FORM PROTOTYPE ADOPTION AGREEMENT FOR THE DATAIR MASS-SUBMITTER PROTOTYPE SHORT FORM CASH OR DEFERRED PROFIT SHARING PLAN
NON-STANDARDIZED SHORT FORM PROTOTYPE ADOPTION AGREEMENT FOR THE DATAIR MASS-SUBMITTER PROTOTYPE SHORT FORM CASH OR DEFERRED PROFIT SHARING PLAN 03-007 NON-STANDARDIZED SHORT FORM PROTOTYPE ADOPTION AGREEMENT
More informationBenefits, Rights and Features. Optional Forms of Benefits
Agenda What are benefits, rights and features (BRFs)? Protecting benefits, rights and features Nondiscrimination testing of benefits, rights and features Correcting failed nondiscrimination tests for benefits,
More information401(k) Sponsor Adoption Guide. The Solution for your Company s Retirement Plan
401(k) Sponsor Adoption Guide The Solution for your Company s Retirement Plan 2 slavic401k.com The Internet connection to your future Your PEO Strategic Ally Strategic Ally Your PEO is your strategic ally
More informationPuerto Rico 401(k) Plans: Do You Know the Rules that Apply? René J. Avilés Garcia, Esq. Capital Member Ferraiuoli, LLC
Puerto Rico 401(k) Plans: Do You Know the Rules that Apply? René J. Avilés Garcia, Esq. Capital Member Ferraiuoli, LLC raviles@ferraiuoli.com 1 Disclaimer The content of this presentation is for educational
More information