Home
Law
Employment / Labour Law
Cash Balance Plan Answer Book, 4th Edition

Cash Balance Plan Answer Book, 4th Edition

Name: Cash Balance Plan Answer Book, 4th Edition
Brand: Wolters Kluwer Legal & Regulatory U.S.
SKU: 10071577-7777
Price: 6070.00 HKD
Availability: InStock
Author: Daniel Schwallie; Barbara Hogg; Paul Rangecroft; Eric Keener
ISBN: 10071577-7777

Edited by Daniel Schwallie · Barbara Hogg · Paul Rangecroft · Eric Keener

Wolters Kluwer Legal & Regulatory U.S.

Specifications

ISBN-13: 10071577-7777
Publisher: Wolters Kluwer Legal & Regulatory U.S.
Format: Hardback
Jurisdiction: U.S. ? Countri(es) for reference only

Details

Cash Balance Plan Answer Book is the only resource that provides reliable answers to over 500 cash balance plan questions. Logically organized in the popular Q&A format, the Cash Balance Plan Answer Book is a user-friendly guide that explains the fundamentals of cash balance plans and how and when to use them. This unique resource provides support as you consider - and implement - cash balance plans.

Cash Balance Plan Answer Book enables you to:

Determine whether cash balance plans are right for your company or your clients
Explain exactly how cash balance plans work
Clarify how cash balance plans can be used with traditional retirement plans or 401(k) plans for the benefit of both the plan sponsor and participants
Advise clients and executives on the pros and cons of cash balance plans
Guide your company or clients through the effective implementation of cash balance plans
Answer any cash balance plan question that comes up along the way

Here is just a sampling of the over-500 key questions that are answered in this one-of-a-kind resource:

How prevalent are cash balance plans?
Are there advantages of a cash balance plan over a defined contribution plan?
What types of business considerations would cause an employer to prefer a cash balance plan over a traditional defined benefit pension plan?
How have traditional plans been converted to cash balance plans?
What rules does the PPA create for cash balance plans?
How does the PPA change the age discrimination rules for cash balance plans?
How are qualified domestic relations orders (QDROs) administered under a cash balance plan?
What special considerations apply to cash balance plans for accrual rule purposes?
Are there special considerations when terminating a cash balance plan?
What special issues may apply to plans converted to cash balance before the PPA?

You'll also receive:

Planning tips - to get you on the right track from the start
Examples - to clarify complex issues
Cautions - to help you avoid pitfalls
Explanations of the law - to make sure you understand all the rules and regulations

The Fourth Edition of Cash Balance Plan Answer Book has been updated to include:

Expanded discussion of pension equity plans
Updates for the 2014 hybrid plan regulations
Revised treatment of cash balance and pension equity plans under the final hybrid plan regulations with respect to whipsaw and age discrimination
Discussion of new pre-approved cash balance plan document program of Revenue Procedure 2015-36
Overview of 2015 proposed DOL fiduciary rules
And much more!

Chapter 1 Introduction

Cash Balance and Other Hybrid Pension Plans Defined
The Legal Framework of Cash Balance Plans
A Brief History of Cash Balance Plans
Whipsaw
Wearaway
Age Discrimination

Chapter 2 Cash Balance Plan Design

Basic Design
Reasons for Offering Cash Balance Plans
Designing Principal Credits
Defining Interest Credits
Compensation Defined
Eligibility for Participation
Vesting Requirements
Benefits at Retirement
Benefits Available
Benefit Limits
Ancillary Benefits
Contributory Plans
Pension Equity Plans
Impact of the Pension Protection Act of 2006 on Hybrid Plan Design
Plan Mergers

Chapter 3 Administration

Parties Involved in Plan Administration and Oversight
Administrative Tasks
Service Providers
Paying for Administrative Fees
Other Administrative Considerations for Cash Balance Plans

Chapter 4 Conversions

Plan Conversion Approaches
Opening Account Balance Conversions
Impact on Plan Participants
Transition Alternatives
Other Considerations for Conversions

Chapter 5 Age Discrimination Rules for Cash Balance Plans

General Standards for Defined Benefit Plans
Age Discrimination Controversy over Cash Balance Plan Design
Safe Harbor Age Discrimination Standard
Age Discrimination Rules Specific to Hybrid Defined Benefit Plans
Other Age Discrimination Concerns

Chapter 6 Communication, Reporting, and Disclosure

General Communication
Communicating Plan Changes
Participant Statements
Summary Plan Descriptions
Participant Communication About Plan Funding and Funded Status
Communication at Distribution
Other Reporting and Disclosure

Chapter 7 Plan Costs

General Plan Cost Information
Plan Funding Information
Plan Accounting Information
Other Plan Cost Information

Chapter 8 Eligibility and Vesting

Minimum Participation and Vesting Requirements
Determining Service
Break in Service Rules
Changing the Vesting Schedule

Chapter 9 Distributions

Forms of Payment
Required Distributions
Taxation

Chapter 10 Accrual Rules

Basic Rules
Cash Balance Considerations

Chapter 11 Coverage and Nondiscrimination Testing

Controlled Group
Employees and Highly Compensated Employees
Plan Coverage Requirements
Defining Plans for Purposes of Testing
Benefits Tests and Safe Harbors
Other Nondiscrimination Considerations
Separate Line of Business Rules

Chapter 12 Top-Heavy Testing

Basic Top-Heavy Requirements
Determining Key Employees
Applying Top-Heavy Requirements

Chapter 13 Investment of Plan Assets

Basic Rules for Plan Investments
Relationship Between Assets and Liabilities
Choosing Investments to Manage Risk

Chapter 14 Plan Termination

Choosing to Terminate a Cash Balance Plan
PBGC Requirements
Notifying Plan Participants
Other Considerations

Chapter 15 Qualified Domestic Relations Orders (QDROs)

What Is a QDRO?
Determining the QDRO Benefit
Considerations During Plan Conversions
Regulatory Guidance on QDROs

Chapter 16 Determination Letters

Effect of a Requesting a Determination Letter
Timing and Filing Considerations
Special Situations
Notification Requirements

Appendix A DOL Hypothetical Examples of Plan Expenses

Appendix B Model SPD Language

Appendix C Joint Implementation Guidelines

Appendix D Single Life and Uniform Lifetime Tables

Appendix E Joint Life and Last Survivor Table

Appendix F Model Language for the Annual Funding Notice

Appendix G Definitions of Section 415 Compensation

Appendix H Definitions of Code Section 414(s) Nondiscriminatory Compensation

Appendix I Department of Labor Audit Information

Appendix J Pension Equity Plan Determination Letter Processing Guidelines

Tables

Internal Revenue Code

Treasury Regulations
Internal Revenue Service Announcements, Notices, Memoranda, Rulings, and Procedures
ERISA
Code of Federal Regulations
Department of Labor Opinions and Bulletins
PBGC Releases and Instructions
Age Discrimination in Employment Act (ADEA)
Pension Protection Act of 2006 (PPA)
Worker, Retiree and Employer Recovery Act of 2008 (WRERA)
Table of Cases
Bibliography
Glossary
Index