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Coverage and Nondiscrimination Answer Book, Fourth Edition by Thomas E. Poje, Frank J. Bitzer, Bernadine Topazio

Coverage and Nondiscrimination Answer Book, Fourth Edition

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Overview

Coverage and Nondiscrimination Answer Book is the first reference guide that focuses exclusively on the participation, coverage, nondiscrimination, and compliance requirements that must be met to ensure a plan's qualified status. This book is designed to help plan sponsors and administrators, as well as benefits professionals, attorneys, and consultants, cope with the complicated requirements of compliance testing.

The practical guidance, regulatory and legislative updates, and detailed analysis in Coverage and Nondiscrimination Answer Book will assist pension professionals in managing all aspects of coverage and nondiscrimination testing and compliance.

Coverage and Nondiscrimination Answer Book uses straightforward language and avoids technical jargon whenever possible. Citations to authority, particularly the Internal Revenue Code, are provided as research aids for those who wish to pursue particular items in greater detail.

Coverage and Nondiscrimination Answer Book will help you:

  • Understand the impact of EGTRRA on coverage and nondiscrimination testing
  • Discover methods of plan design that avoid the need for most coverage and nondiscrimination testing
  • Determine which entities comprise an "employer" for qualified plan purposes
  • Craft employee census and data requests that capture the information essential to accurate testing
  • Perform all required compliance tests accurately
  • Be aware of corrective measures available and the time frame for these corrections
  • Design plans or combinations of plans that favor certain targeted employees
  • Know the benefits of applying for a determination letter
  • Complete required schedules needed to request a determination letter from the IRS

Coverage and Nondiscrimination Answer Book offers real-life examples, charts, and illustrations in a concise format. It provides specific tools and answers such frequently occurring questions as:

  • Do I have a controlled group situation?
  • Is my plan providing meaningful benefits?
  • And more!

Coverage and Nondiscrimination Answer Book has been updated to include coverage of:

  • Increased IRS compensation and deferral limits and how they are derived
  • Information regarding procedures for obtaining opinion and advisory letters for Section 403(b) preapproved plans
  • Information regarding the Internal Revenue Service program to send compliance letters to organizations to solicit information regarding the design and operation of the organizations’ 457(b) plans
  • IRS regulations pertaining to the mid-year elimination of safe harbor nonelective contributions, provided the possibility of this event was noted in the safe harbor notice
  • Updated IRS and Social Security Cost-of-Living Adjustments, including Puerto Rican Plan Limits
  • The latest version of Publication 571, Tax Sheltered Annuity Plans, for employees of public schools and certain tax-exempt organizations
Resources Highlight
Last Updated 05/24/2018
Update Frequency Updated annually
Product Line Wolters Kluwer Legal & Regulatory U.S.
SKU 10045216-7777
Table of Contents
  • 1. Overview of Compliance Testing
    • EGTRRA/PPA
    • The Compliance Tests
    • Data Collection
  • 2. Defining the Employer
    • Controlled Groups
    • Affiliated Service Groups
    • Ownership/Attribution
    • Organizational Structures
    • Multiple Employer Plan
    • Foreign Entities
  • 3. Defining the Employee
    • Purpose
    • Defining the Term Employee
    • Highly Compensated Employees
    • Leased Employees
    • Shared Employees
    • Misclassification of Workers
    • Self-Employment Issues
  • 4. Defining Compensation
    • Annual Compensation Limit
    • Section 415 Compensation
    • Section 414(s) Compensation
    • Highly Compensated Employees/Key Employees
    • Compensation for Section 404 Deductible Contributions
    • Earned Income
    • Plan Compensation
    • Compensation Used for Nondiscrimination Testing
    • Compensation Used for Permitted Disparity
    • Imputed Compensation
    • Alternative Forms of Compensation
  • 5. Minimum Participation Requirements
    • Special Rules
    • Meaningful Benefits
    • The Employees
    • Corrections
  • 6. Coverage Testing
    • Plan Participation Eligibility
    • Benefiting Employees
    • Ratio Percentage Test
    • Average Benefits Test
    • Special Coverage Testing Rules
    • Correcting a Failed Coverage Test
  • 7. Safe Harbor Plans
    • Defined Benefit Safe Harbors
    • Defined Contribution Safe Harbors
    • Target Benefit Plans
    • Floor-Offset Plans
    • Social Security Offset Plans
  • 8. The General Test
    • Compensation
    • Testing Age
    • Measurement Period
    • Rate Groups
    • Testing a Defined Benefit Plan
    • Testing a Defined Contribution Plan
    • Former Employees
  • 9. Benefits, Rights, and Features in a Qualified Plan
    • 401(k) Plans
    • Current Availability
    • Effective Availability
    • Life Insurance
    • Amendments
  • 10. Permitted Disparity
    • Integrating Defined Contribution Plans
    • SEPS
    • Integrating Defined Benefit Plans
    • Social Security, Disability Factors, and Other Adjustments
    • Cumulative Disparity Limit
    • Imputed Permitted Disparity
  • 11. Cross Testing
    • The Cross-Testing Process
    • Age-Weighted Plan
    • New Comparability Plan
    • Aggregating Defined Benefit/Defined Contribution Plans
    • Testing Data
    • Target Benefit Plan
  • 12. Nondiscrimination Testing for 401(k) Plans
    • Types of Contributions in a 401(k) Plan
    • Other Contributions
    • Qualified Nonelective and Matching Contributions
    • Actual Deferral Percentage Test
    • Actual Contribution Percentage Test
    • Prior Year Testing Versus Current Year Testing
    • Safe Harbor
    • Corrections and Adjustments
    • Additional Testing Rules
    • Factors That Affect Test Results
    • Catch-Up Contributions
    • Testing Mechanics
    • Multiple Use Test
  • 13. Code Section 403(b) and 457(b) Plans
    • Coverage and Nondiscrimination Testing
    • Notice 89-23 Nondiscrimination Testing Safe Harbors
    • Compensation
    • 457 Plans
  • 14. Applying for a Determination Letter; Reporting and Disclosure
    • Determination Letters in General
    • Scope of a Determination Letter
    • Applying for a Determination Letter
    • Notice to Interested Parties
    • Special Determinations
    • Types of Plans
    • Plan Amendments
    • Annual Disclosure
    • Summary Plan Descriptions
  • 15. Correcting Coverage and Discrimination Defects
    • Employee Plans Compliance Resolution System (EPCRS)
    • Self-Correction Program (SCP)
    • Voluntary Correction Program with Service Approval (VCP)
    • Anonymous Submission Procedure (John Doe)
    • Voluntary Correction of Group Failures
    • EPCRS Application Process
    • EPCRS Review/Correction Process
    • EPCRS Fees
    • Audit Closing Agreement Program
  • 16. Aggregating, Disaggregating, and Restructuring Plans
    • Aggregation
    • Restructuring
    • Mandatory Disaggregation
    • Benefits, Rights, and Features
    • Defined Benefit-Defined Contribution Combination Plans
  • 17. Top-Heavy Plans
    • Key Employees
    • Determining Top-Heavy Status
    • Vesting
    • Minimum Accruals/Allocations
  • 18. Annual Addition and Benefit Limits under Code Section 415
    • EGTRRA
    • Defined Contribution Plans
    • Defined Benefit Plans
  • 19. Governmental Plans and Church Plans
    • Governmental Plans
    • Church Plans
    • 457 Plans
  • 20. Testing Puerto Rican and Foreign Plans
    • Puerto Rican Plans
    • Foreign Plans
  • 21. Davis-Bacon Plans
    • Prevailing-Wage Issues
    • Fringe Benefits
    • Compliance Procedures and Rules
  • APPENDIX A. Sample Employer General Information Form
  • APPENDIX B. IRS Audit Guidelines
  • APPENDIX C. Revenue Procedure 2006-27, Appendices A and B
  • APPENDIX D. Revenue Procedure 2006-27, Appendices A and B
  • APPENDIX E. Publication 571
  • APPENDIX F. Schedule Q Demos
  • APPENDIX G. Checklists for SIMPLE, SEP and 403(b) Plans
  • APPENDIX H. EGTRRA Changes Affecting 403(b) and 457 Plans
  • APPENDIX I. 403(b) and 401(k) Plans: A Comparison
  • APPENDIX J. Eligibility for Self-Correction Programs (SCPs)
  • APPENDIX K. Worksheets: Top-Heavy List and Annual Additions Limit
  • APPENDIX L. Davis-Bacon Resource Book: Fringe Benefits
  • APPENDIX M. IRS and Social Security Cost-of-Living Adjustments 2004–2007
  • APPENDIX N. IRS Memorandum of October 22, 2004 Regarding Short Service Employees and Other Meaningful Benefit Schemes and Abuses and the IRS Response to Concerns Regarding the Memorandum
  • APPENDIX O. Chart Comparison Between Plan Qualification Requirements Under theCode and PRIRC
  • Glossary

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