Whether saving for retirement, reducing taxes, or combining the two, pension and profit-sharing plan strategies are your go-to solution. Get up to speed with the recently enacted SECURE Act 2.0 and learn the rules of the game. 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
• NEW!! The SECURE 2.0 Act
• 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
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