Webcast Recording: The Participant Loan Conundrum
Webcast recording: "The Participant Loan Conundrum," presented by David C. Schultz, J.D. of FIS Relius.
Credit
CPE:1.0
Description
The Participant Loan Conundrum (Webcast Recording)
Presented by: David C. Schultz, J.D. of FIS Relius
Original presentation date: May 2, 2017
CPE credits: 1 NIPA CPE credit
Handling participant loans is one of the least enjoyable aspects of retirement plan practice, but it remains an important and unavoidable part. Many employees and owners want to be able to borrow from their accounts, and the process is fraught with risks. Participant loans impact plans in many ways: prohibited transaction rules, deemed distribution rules, joint and survivor rules, plan asset rules, and more. There's a lot to keep track of just to let a participant have temporary access to his or her funds. This NIPA webcast recording covers the basic requirements pertaining to participant loans highlights areas of particular concern to plan administrators and participants.
Presented by: David C. Schultz, J.D. of FIS Relius
Original presentation date: May 2, 2017
CPE credits: 1 NIPA CPE credit
Handling participant loans is one of the least enjoyable aspects of retirement plan practice, but it remains an important and unavoidable part. Many employees and owners want to be able to borrow from their accounts, and the process is fraught with risks. Participant loans impact plans in many ways: prohibited transaction rules, deemed distribution rules, joint and survivor rules, plan asset rules, and more. There's a lot to keep track of just to let a participant have temporary access to his or her funds. This NIPA webcast recording covers the basic requirements pertaining to participant loans highlights areas of particular concern to plan administrators and participants.
Courses in package: