CE webinar from ftwilliam.com
Compensation Education
Date: Thursday, September 22, 2022
Time: 1:00 PM EDT
Class is in session. Compensation is a very important part of your plan document, but can be really confusing! ftwillliam.com recently redesigned the compensation section of our Cycle 3 DC plan documents to make it more user-friendly and intuitive. We plan to do the same in our Cycle 3 DB plan documents with the upcoming restatement period. Compensation also affects allocations or accruals as well as testing. Our plan document software integrates with the compliance module ensuring accurate compensation specifications from your plan document flow into the compliance module -increasing efficiency and accuracy. You will be head of the class in understanding how compensation impacts plan administration!
As the foundation of every retirement plan, this webinar will educate you on the different compensation types, explain when they should be used and what are the allowable exclusions that can be applied. We will also discuss handling the complex situations that arise when plan sponsors want to exclude everything, when you have to "test" your definition of compensation, and how to perform that test. Learn some tips and tricks to accommodate potentially discriminatory definitions of compensation when you are asked to deviate from the norm. Don’t worry, there is no final exam at the end, but you would easily pass if there was!
1 ASPPA/NIPA credit
Speakers
Brian Furgala
Director of ERISA Services at ftwilliam.com
Kelly A. Johnson
ERISA Consultant at ftwilliam.com
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