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Employee Benefit Plans 2013

Basics of 401(k) Plan Compliance

May 14, 2013 11:45am ‐ May 14, 2013 1:00pm


This session will address the basic areas that should be considered when reviewing a 401(k) plan for compliance, with a focus on Internal Revenue Service rules, including:
• An understanding of issues that fall within the jurisdiction of the IRS versus the Department of Labor
• Plan document compliance, including individually designed plans versus prototype plans, amendments, restatements, IRS determination letters
• Operational compliance issues, including eligibility, plan testing (coverage, nondiscrimination, limits, etc.), vesting, distributions, loans, notices for safe harbor/automatic enrollment plans
• Common plan compliance failures and the IRS correction guidance
• Tax-related footnotes in the draft financial statements


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