Definitions of Compensation for Retirement Plans

Definitions of Compensation for Retirement Plans

June 20, 2012

Presented By: Aimee Nash Sr. Writer/Analyst,

Continuing Education

IRS program number, 2 credits:

BVY5C-Q-00002-1 2-O

Qualifying sponsor of CE for enrolled actuaries ? designed to offer 2 JBEA credits.

Designed to meet the CPE requirements of the ASPPA and NIPA CPE programs

2

Webcast Survey

Purpose: continuing education Place to enter PTIN

100% optional If provided, we will report your attendance to

IRS for ERPA credits

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Agenda

The basics (W-2, Withholding and 415 safe harbor compensation)

The add-ons/take-aways (post severance comp, post year-end comp, etc.)

Compensation for allocations ? 414(s) 414(s) compensation testing ADP/ACP testing compensation ? 414(s) Safe harbor 401(k) plan compensation 415 Testing compensation Self-employed persons compensation Other places compensation is used ? which definition?

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The Basics

3 Main Definitions Used

All 3 base definitions are used for 415 and 414(s)/non-discrimination purposes W-2 Withholding 415 safe harbor

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