Eligible Inadvertent failures, Insignificant failure corrections, new time limits for completing corrections, inadvertent benefit overpayments, documenting corrections, earnings calculations, etc. SECURE 2.0 created a whole new world for plan corrections, particularly when it comes to self-correction. Since practically all plans will confront mistakes and errors, it is necessary for plan practitioners to be familiar with plan correction principles. EPCRS provides correction procedures for some of the more common plan failures, but with other plan failures, the practitioner must design his/her own correction plan. In this workshop, we will not only explain the correction procedures, but also, using practical case studies, illustrate how to apply the correction methods to resolve the more common as well as the more difficult plan failures.
About the Speaker
Stephen Forbes., J.D., LL.M. President Forbes Retirement Plan Consulting
Stephen is an ERISA attorney and educator with 35 years of experience practicing and teaching in the retirement plan area. Recently, Mr. Forbes received ASPPA’s 2019 Educators Award. Stephen was vice president of SunGard in charge of Relius Education. He teaches seminars, conferences and webcasts on retirement plan compliance, design and correction. He also provides professional consulting. Mr. Forbes has drafted qualified plan, 403(b), 457(b), 409A and IRA documents. He was the author of “The Form 5500 Filing Guide” and the co-author of “The Pension Library.” Mr. Forbes was a Tax Law Specialist at the IRS National Office (Employee Plans Division) where he trained IRS employees, wrote IRS Notices and Revenue Rulings and participated in several Treasury regulations committees
Participant Information
Each attendee/viewer must have their own registration for each event and access it through their own device in order to receive continuing education credit.
Registration for on-demand webcasts includes unlimited viewing of the webcast recording, webcast outline, and any additional presentation materials for 180 days following the registration date.
Recordings are available one week after the live webcast takes place.