Cash Balance Plans Workshop

The text below is from the program that ran in August/September 2008 and is for information only. If you're interested in an onsite presentation for your group, please submit a Call me request or e-mail webtechsem@relius.net .

 

For Defined Contribution Practitioners

By all accounts, cash balance plans are the wave of the future, especially for the small plan market. These plans can allow substantial deductions of a defined benefit plan while retaining much of the look and feel of a defined contribution plan. Do you want to break into this emerging, fast growing design? Come to our new Cash Balance Plans Workshop. Get the fundamental tools needed to work with an actuary in servicing cash balance plans, and capture the growth potential of this exciting market.

Topics Include

  • Cash Balance Features and Advantages
  • PPA Changes
  • 415 Limitations
  • DB/DC Combo Plans

    Objectives 

  • Explain the primary differences between defined benefit and defined contribution plans.
  • Determine when a cash balance plan is appropriate.
  • Determine 415 limits for a cash balance plan.
  • Explain the basic operations of a cash balance plan.
  • Assist an employer in making rational investment decisions for a cash balance plan.
  • Determine if a cash balance plan complies with 401(a)(26).
  • Understand the benefits of DB/DC combo plans and the alternatives that exist.
  • Evaluate alternative methods of satisfying the top heavy rules.
  • Understand the new rules PPA imposed on cash balance plans.

    Back-to-Back Scheduling

    The Cash Balance Plans Workshop and the Cross-Tested Plans Workshop are offered in a convenient, 2-day format. Cash Balance Plans on day two is preceded by Cross-Tested Plans on day one. A multi-program registration discount is offered for those who wish to attend both programs at the same location.

    Who Should Attend

    This program is well suited for defined contribution plan practitioners who want to understand the fundamentals of cash balance plans. The program will assume familiarity with the basics of 415 limits, top-heavy minimums, and coverage and nondiscrimination testing for cross-tested defined contribution plans, but will not assume that attendees are familiar with defined benefit rules. This course is designed to help a defined contribution practitioner work effectively with an actuary in identifying situations in which a cash balance plan would be beneficial and in administering the resulting plan.

    All attendees will find these courses beneficial in increasing their knowledge of these plan types.