Whether saving for retirement, reducing taxes, or combining the two, pension and profit-sharing plan strategies are your go-to solution. Discover the type of plan documents that work best for your clients, how to terminate a plan, different retirement plans you can choose from, contribution & deduction limits, reporting & disclosure rules, Form 5500 & participant communication requirements, and even how to do in-plan Roth conversions. Get ready to make retirement planning for your clients a breeze.
Learning Objectives
• Determine appropriate plans for your clients
• Identify administration and compliance issues
• Recognize fiduciary risk management
• Recognize key income tax issues related to plan funding
• Identify problematic plans and potential pitfalls
• Identify and review types of retirement plans: defined benefit, profit sharing, traditional Sec. 401(k), safe harbor 401(k), Roth Sec. 401(k) and employee stock ownership
Major Topics
• Types of documents: advantages and disadvantages, where they fit and plan termination issues
• Types of retirement plans
• Plan selection and design
• Contribution and deduction limits and timing
• Reporting and disclosure: Form 5500 and participant communications
• Legislative environment
• In-plan Roth conversions
