This seminar is designed for human resource managers, attorneys, controllers, certified public accountants, plan administrators, enrolled agents, payroll professionals, financial professionals, financial planners and insurance professionals.
This one-day seminar is designed to give participants a comprehensive overview of ALL types of qualified plans available to employers. Financial consultants, tax planners, CPAs, attorneys, trust officers and human resource consultants will learn the various plan types and their application depending upon the employer’s needs or goals. This will be crucial to advisors who will be reviewing and recommending new or redesigned plans toward the end of the year.
Topics to Be Discussed:
• Types And Choices Of Qualified Plans
• Defined Contribution Plans, Fundamentals And Application
• Defined Benefit Plans, Fundamentals And Application
• Complex Hybrid Plans, Using Combinations To Maximize Benefits
• General Tested Plans Both Defined Contribution And Defined Benefit Plans
• Business Strategies Using Qualified Plans Including Family Succession
• Exit Strategies
• Legal Aspects Of Qualified Plans
8:30 a.m. - 9:00 a.m.
I. Overview Of Qualified Plans
B. Types Of Plans
9:00 a.m. - 10:35 a.m.
II. Defined Contribution Plan Fundamentals
A. Simplified Plans: IRAs, SEPs, SIMPLEs
B. Basic Plans: Profit Sharing, Money Purchase/Target/Age Weighted Plans, 401(k) Plans Including Safe Harbor
C. Complex Plans: Crosstested Defined Contribution Plans
D. Employers Best Suited For Each Plan Type
10:35 a.m. - 10:45 a.m.
10:45 a.m. - 12:15 p.m.
III. Defined Benefit Plan Fundamentals
A. How A Defined Benefit Plan Works
B. Types Of Defined Benefit Plans: Traditional, Cash Balance, General Tested, 412I
C. Defined Benefit Plan Illustrations And Applications
12:15 p.m. - 1:15 p.m.
Lunch (On Your Own)
1:15 p.m. - 2:50 p.m.
IV. Strategic Planning Using Qualified Plans
A. Hybrid Plans
B. Tiered Plans
C. Using Plans For Family Succession
D. Exit Strategies Using Plans Including ESOPs
E. Case Studies
2:50 p.m. - 3:00 p.m.
3:00 p.m. - 4:30 p.m.
V. Legal Issues Concerning Plans
A. Types Of Plan Documents And Time Of Adoption And Amendment
B. Summary Plan Descriptions (SPDs)
C. IRS Approval
D. Pitfalls Of Improper Plan Design