New Plan Design Workshops from SunGard's Relius Education
SunGard is pleased to add the following seminars for Relius Education.
Cross-tested/Safe Harbor 401(k) Plan Design Workshop
Cross-tested plans and safe harbor 401(k) plans are two of the most dynamic plan designs in use today by many employers. In this full-day workshop, you receive analyses and strategies to help you and your clients make full use of the various design alternatives. The program quickly reviews the basics of cross-testing and, with an emphasis on how to create an effective cross-tested plan design, it then explores the range of issues a practitioner needs to consider when designing a cross-tested plan including the gateway allocation requirement, top-heavy, early eligibility and allocation group strategies. read more >>
403(b) Plan Design Workshop
Designing 403(b) plans can be a minefield for the unwary practitioner. 403(b) plans look similar to 401(k) plans, until one of many differences comes to haunt you. Universal availability, limited investments, possible ERISA exemption (now involving more rules than ever before), information sharing agreements, unique catch-ups, special rules for church plans, and an as-yet untested prototype environment are just some of the challenges all practitioners face, especially those for whom 403(b) plans are “just a sideline.” read more>>
Cross-tested plans and safe harbor 401(k) plans are two of the most dynamic plan designs in use today by many employers. In this full-day workshop, you receive analyses and strategies to help you and your clients make full use of the various design alternatives. The program quickly reviews the basics of cross-testing and, with an emphasis on how to create an effective cross-tested plan design, it then explores the range of issues a practitioner needs to consider when designing a cross-tested plan, including the gateway allocation requirement, top-heavy, early eligibility, and allocation group strategies.
SunGard’s Cross-tested/Safe Harbor 401(k) Plan Design Workshop addresses “problem” issues, such as corrective amendments and the anti-cutback rule. You will receive a review on the basics of the safe harbor 401(k) plan design, exploring the use of nonelective and match components, and the opportunities and limitations to getting into and “exiting” a safe harbor design during a particular plan year. Speakers will demonstrate the triple-stacked match design with the ability to achieve maximum annual allocations, using only the safe harbor 401(k) plan. Attend this program and learn how cross-testing and safe harbor designs can work together in a flexible environment to achieve employer goals and reduce costs.
More than just a review of the rules, this program will help you understand the planning possibilities that exist, so you can choose the right tools for your clients — because one size truly does not fit all.
Topics include:
- Troubleshooting Cross-tested Plans
- Triple-stacked Match vs. Cross-tested Plan Design
- Each Participant in His/Her Own Classification
- Discretionary Safe Harbor 401(k) Plan Design
- Combination Cash Balance and Cross-tested Plan Design
- Early Eligibility Safe Harbor 401(k) Plan Design
- Cross-Tested Safe Harbor 401(k) Plan Design
- Prototype vs. Volume Submitter
Objectives
Upon completion of the Cross-Tested/Safe Harbor 401(k) Plan Design Workshop, attendees should be able to:
- Select the most effective cross-tested plan design
- Recognize the risks in using a plan design that places each participant in his/her own classification
- Design a safe harbor 401(k) plan design with a triple-stacked match design
- Identify the appropriate situation to recommend a DB/DC combination plan
- Design an effective corrective amendment if a cross-tested plan fails nondiscrimination testing
- Identify situations in which an employer may want to use a “discretionary “ safe harbor 401(k) plan
NOTE: Back-to-back Scheduling!
The 403(b) Plan Design Workshop follows the Cross-tested Safe Harbor 401(k) Plan Design Workshop the next day in selected cities. A multi-program registration discount is available for those who wish to attend both programs at the same location.
Designing 403(b) plans can be a minefield for the unwary practitioner. 403(b) plans look similar to 401(k) plans, until you have to face the differences. Universal availability, limited investments, possible ERISA exemption (now involving more rules than ever before), information sharing agreements, unique catch-ups, special rules for church plans, and an as-yet untested prototype environment are just some of the challenges all practitioners face, especially those for whom 403(b) plans are “just a sideline.”
SunGard’s full-day 403(b) Plan Design Workshop covers all this and more. More importantly, this workshop looks at the strategies and approaches a practitioner can use to navigate the mine field — leaving the employer with a retirement arrangement that best satisfies both its goals and the needs of its employees.
Topics include:
- ERISA Plan vs. Non-ERISA Plan
- Employer (Nonelective) Contribution Options
- Employee Exclusions/Universal Availability
- Identifying Plan Investment Options
- Participating Employers
- Coordinating Plan Provision with Annuity Contract
- Matching Formulas
- Required Provisions
- Optional Provisions
Objectives
After the program, attendees should be able to:
- Design a plan that avoids the application of ERISA
- Select the appropriate matching and nonelective options
- Coordinate plan provisions with annuity contract provisions to avoid conflict
- Identify which provisions are required to be included in a 403(b) plan
- Select among plan provisions to implement the new transfer restrictions
NOTE: Back-to-back scheduling!
The Cross-tested/Safe Harbor Plan Design Workshop precedes the 403(b) Plan Design Workshop in selected cities. A multi-program registration discount is available to those who wish to attend both programs at the same location.