401(k) Plans

Day 1

1. Plan Design
1. Defined contribution vs. defined benefit
2. Design considerations
1. Adequacy
2. Budget
3. Cost
4. Demographics
5. Eligibility
   1. Service determination
   2. Compensation definition
6. Vesting
7. Employee Contribution levels
1. Pretax
2. Post-tax
3. Catch-up
4. Traditional vs. Roth
8. Employer contributions
9. Investments
10. Loans
11. Withdrawals
12. Distributions
13. Forfeitures
2. Plan Administration
1. Implementation/special projects
2. Processing decisions
3. Allocating plan functions
4. Ongoing administration
3. Investment Policy Statement and the Fund Selection Process
1. Fiduciary responsibilities
2. Purpose of an investment policy statement
3. Developing an investment policy statement
4. Fund selection process

Day 2

4. Communication and Education
1. Measuring effectiveness
2. The phases of communication
3. Communication vehicles
4. Required communications
5. Participant advice vs. education

5. Compliance
1. IRC limits
2. IRC tests
3. Required plan amendments
4. Voluntary compliance programs
5. Requirements
6. Legal/Regulatory Update
1. Secure Act 2.0
2. Recent developments
7. Case Study
   In the case study, attendees are presented with a company that has multiple divisions. Each division has its own defined contribution plan. The objective of the case study is to develop and present a consolidated plan for the company.