Course: Proposed Rule on Profits and Related Basis Adjustments based on this document from the Federal Register: https://www.govinfo.gov/content/pkg/FR-2024-12-02/pdf/2024-27227.pdf This document contains proposed regulations regarding previously taxed earnings and...
Comprehensive Amendments to the Abandoned Plan Program Regulations
Dive into the updated regulations for the Abandoned Plan Program under ERISA, focusing on new procedures for plans left behind by sponsors. Gain insights into the expanded scope covering Chapter 7 bankruptcy cases, the role of bankruptcy trustees as Qualified Termination Administrators, and technical amendments designed to enhance efficiency. This course is crucial for anyone involved in the management of employee benefit plans, ensuring compliance and safeguarding participant benefits.
In this course you will learn the following:
* Understand the expanded scope of the Abandoned Plan Program.
* Identify the roles and responsibilities of Qualified Termination Administrators (QTAs) and bankruptcy trustees.
* Implement the procedures for terminating abandoned plans and distributing benefits.
* Recognize the legal and financial consequences of non-compliance.
Additional information
| Federal Register Title | Abandoned Plan Regulations. Document Number: 2024-09029 |
|---|---|
| Course SKU | FR-24-742-1 |
| Why This Course Is Important | Without this course, you might miss critical updates that enable more efficient management and termination of abandoned pension plans, risking non-compliance with ERISA standards and potential legal penalties. |