Use of Forfeitures in Qualified Retirement Plans: Recent IRS Regulations, Timing, Permitted Uses, Risks, and More
Note: CPE credit is not offered on this program
Recording of a 90-minute premium CLE video webinar with Q&A
This CLE webinar will provide employee benefits counsel guidance on the use of forfeitures in qualified retirement plans. The panel will discuss recent IRS proposed regulations, timing of use issues, permitted uses, reducing employer contributions and paying plan expenses, forfeitures in defined benefit plans, risks, and other key issues.
Outline
- Overview of forfeitures
- Uses of plan forfeitures and challenges
- Other key considerations
- Plan corrections
- Plans with full vesting
- Plan termination
- Recent IRS regulations and managing IRS audits
- Best practices for mitigating forfeiture compliance risks
Benefits
The panel will discuss these and other key issues:
- What are the uses of plan forfeitures?
- What impact do plan forfeitures have on plan corrections, plans with full vesting, and plan termination?
- How can you manage heightened scrutiny of forfeitures during IRS audits?
- What is the impact of recent IRS proposed regulations for retirement plan forfeitures?
- What steps must be taken to mitigate forfeiture compliance risks?
Faculty
Nicole D. Bogard
Partner
Barnes & Thornburg
Ms. Bogard practices in the firm's Employee Benefits & Executive Compensation Department where she collaborates... | Read More
Ms. Bogard practices in the firm's Employee Benefits & Executive Compensation Department where she collaborates with executives, in-house counsel and human resource professionals at publicly traded and private companies to design compliant total rewards programs that facilitate business objectives. She has considerable experience with counseling clients on the Affordable Care Act, HIPAA privacy and security rules, wellness programs, self-funded health plans, COBRA administration, and nondiscrimination rules. Ms. Bogard also represents clients with matters before the IRS and the DOL.
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Lori L. Shannon
Partner
Barnes & Thornburg
Ms. Shannon counsels private and public companies and tax-exempt entities on the design and implementation of... | Read More
Ms. Shannon counsels private and public companies and tax-exempt entities on the design and implementation of employee benefit and executive compensation plans and arrangements. She advises clients in regard to tax-qualified retirement plans, 403(b) plans, health and welfare benefit plans, nonqualified deferred compensation plans and equity-based incentive plans. Ms. Shannon assists clients, many in the professional services arena, with the design and drafting of executive and physician employment agreements, as well as severance, retention and change in control agreements.
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