Seminars and Training

To schedule appearances, speaking engagements or training programs on Roth 401(k) for any audience, contact:  Bridget Stewart at (800) 965-0988 ext. 104 or bstewart@erisaexpertise.com

Seminars (click title for description)

PPA 2006: Retirement & Estate Planning Opportunities

The Roth 401(k): Retirement and Estate Planning Opportunities

Accreditation

Seminars comply with the continuing professional education requirements for certified public accountants in New Jersey and Pennsylvania, and insurance agents and brokers in Pennsylvania.  Contact us to inquire about continuing education credits for other professions and states.

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Scheduled Events

 

Seminar and Training Program Descriptions

 

Seminar: "PPA 2006: Retirement & Estate Planning Opportunities"

Background  The Pension Protection Act of 2006 (PPA 2006) represents some of the most comprehensive changes to the pension law in the past two decades.  Fortunately, for high net worth individuals and owners of small business (owner-only businesses and employers with 1-500 employees), it also provides significant retirement and estate planning opportunities.

Objective  This program provides a basic technical overview of the new pension law along with case study examples to illustrate planning opportunities.  It intends to provide advisors with the ability to identify when these provisions are favorable for existing and/or prospective clientele.

Seminar Description

The overview includes but may not be limited to the:

• Extension of the existing rules permitting employees to contribute more to plans

• New rules that permit employers to contribute and deduct higher contributions for business owners and high paid individuals

• Revised rules that permit employers to convert existing traditional defined benefit pension plans to the “cash balance” form commonly referred to as a Cash Balance Plan (CBP), or to establish a new CBP, including discussions/illustrations o demonstrate:

  ü Why CBPs typically provide more favorable outcomes for business owners (benefits that represent a higher percentage of the total plan cost) when compared to traditional defined benefit plans, cash balance plans )

  ü How CBPs provide quantifiable defined benefits that are perceivable by plan participants

• Extension of the rule permitting Roth 401(k) features beyond 2010.  A Roth 401(k) feature permits all plan participants, regardless of their adjusted gross income, to make elective contributions to their 401(k) plans on an after-tax basis.  These elective contributions plus any gains on the selected investments accumulate 100% income tax free, and all qualified distributions from these accounts are 100% income tax free.  This dynamic plan feature provides unprecedented retirement and estate planning opportunities for business owners and high paid employees.

• Revised rules that permit “Fiduciary Advisors” to provide investment advice to plan participants

• New rules that permit a plan investment safe harbor to relieve plan fiduciaries of liability from investment losses

• New rules that permit small employers (1-500 employees) to establish a DB(k) plan, a new plan type that combines the features of a defined benefit plan and a 401(k) plan in a single plan

• New rules permitting IRA rollovers from qualified plans to nonspouse beneficiaries

• New rules that permit tax-free IRA distributions up to $100,000 for charitable donations upon attainment of age 70½

Continuing Professional Education or Pennsylvania Insurance CE Credit:  2 hours

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Seminar: "The Roth 401(k): Retirement & Estate Planning Opportunities"

Background  Plan sponsors have the option to add a Roth 401(k) feature to their new or existing qualified retirement plans effective as of January 1, 2006.  The Roth 401(k) feature permits all plan participants, regardless of their adjusted gross income, to make elective contributions to their 401(k) plans on an after-tax basis.  These elective contributions plus any gains on the selected investments accumulate 100% income tax free, and all qualified distributions from these accounts are 100% income tax free.

Objective  This seminar provides an overview of the Roth 401(k) basics and information on plan qualification, recordkeeping, compliance and operational requirements for plans that adopt the Roth 401(k) feature.

Case study examples illustrate how the Roth 401(k) affords planning opportunities for plan participants of all income levels, and why it provides significant retirement and estate planning opportunities for high income taxpayers.

This seminar provides the information necessary to assist clients in determining if the Roth 401(k) should be added to their new or existing qualified retirement plan and to assist plan participants in determining if the Roth 401(k) is preferable when compared to a traditional pre-tax 401(k).

Seminar Description

• Background

• Roth 401(k) Basics

• Plan Qualification, Recordkeeping, Compliance and Operational Issues

  ü  Elective Deferral Treatment

  ü  Plan Amendments

  ü  Separate Accounting Requirement and Ordering Rules

  ü  Testing Failures and Refunds

  ü  Payroll and Reporting Issues

  ü  Employee Communications

• What Plan Sponsors Should Consider

• What Plan Participants Should Consider

• Case Study Planning Examples

• Conclusions

Continuing Professional Education or Pennsylvania Insurance CE Credit:  2 hours

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