Speaker: David Kupstas, FSA, EA, MSPA Chief Actuary, Actuarial Consulting Group, Inc. - Midlothian, VA
Experience Level for Attendees: Advanced
Target Audience: TPAs, Actuaries and Administrators
Keywords: defined benefit, top heavy, key employee
IRS Program Number: CZTXU-Q-01083-19-0
Description: Is "top-heavy" a schoolyard insult? A plan qualification failure? It is neither of these, but you do need to meet certain vesting requirements and provide minimum contributions or benefits if your retirement plan is top-heavy. In this webcast, we will briefly review the definition of "key employee" and explain how the 60 percent top-heavy ratio calculation works before moving on to outline the minimum benefits that must be provided in DC plans, DB plans, and DB/DC combos. We will spend time on the "weightier" topics such as safe harbor 401(k) exemptions, aggregation groups, and plan document issues.
Recorded webcasts are available for one year after their live air date.