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There is much more to compliance and plan administration than discrimination testing. Practitioners, employers and Third Party Administrators need to understand both the definition of compensation used for various plan purposes and the contribution and benefit limits that apply to qualified plans. These limitations must be carefully monitored for a plan to keeps its qualified tax status. This session will help you understand issues such as: • Understanding the various definitions of compensation • How compensation is used in plans • Determining compensation for unincorporated entities • Contribution and benefit limitations for both the plan sponsor and the participant • Issues when multiple plans are sponsored • Guidance in correcting plan errors relating to compensation and contributions
