| Description |
The ADP and ACP testing eSeminar presents a comprehensive overview to the complex, required testing of 401(k) plan deferrals, matching and after-tax funds. The actual test is demonstrated through examples. Through examples, the correction of a failed test, i.e., the leveling process, is clearly explained. The timely correction of the failure through refund or QNEC is also demonstrated. We also explain the EPCRS correction methods for a plan that is not timely corrected. The targeted QNEC restrictions are covered. The attendee will take away a clear understanding of the behind-the-scenes calculations that the computer is processing after the census data is entered, and the computer provides a pass or fail ADP or ACP result for the test. Topics covered, but not limited to: - Actual Deferral Percentage (ADP) Test
- Actual Contribution Percentage (ACP) Test
- Compensation Used in Testing
- Correcting a Failed Test
- Restrictions on the Targeted QNEC
- One-to-One Correction Method
- Avoiding Testing Problems
This module can also be combined at a discounted rate with 9 other modules, as part of a package of 401(k) Essentials Plus Series.
Click here for details and discounted pricing. Bill Grossman, QPA, ERPA, Director of Education and Communications with McKay Hochman will present this eSeminar. Bill is also editor of McKay Hochman’s newsletters, E-mail Alerts and website, www.mhco.com. |
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| Fee |
Individual Module:
$129.00 per non-client attendee
$89.00 per client attendee (discount code required)
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Entire Series:
$449.00 per non-client attendee
$399.00 per client attendee (discount code required)
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Qualified Plan Essentials Plus series
and 401(k) Essentials Plus series:
$699.00 per non-client attendee (call to register)
$599.00 per client attendee (call to register)
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Please call (973) 492-1880 or email seminars@mhco.com to take advantage of discounts.
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| Course Level |
Basic to Intermediate |
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| Prerequisite |
None |
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| CPE Credit |
You may be eligible for 2 CPE credits |
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CPE Statement |
CPE Statement
This seminar, as well as other programs sponsored by McKay Hochman Co., Inc., is generally approved for continuing education credit by National Institute of Pension Administrators (NIPA), American Society of Pension Professionals and Actuaries (ASPPA), Enrolled Retirement Plan Agent (ERPA), Enrolled Agents (EAs), and the Joint Board for Enrollment of Actuaries, and is designed to meet the continuing education requirements for individual professional affiliations.
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| Who Should Attend? |
Retirement Plan Professionals |
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| Duration |
100 minutes |
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| Delivery Mode |
Self-Study |
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| Advance Preparation |
None |
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| Administrative Policy |
Satisfaction guaranteed. If you are not completely satisfied with this eSeminar, we will provide you with a credit toward another McKay Hochman educational program. Email seminars@mhco.com with your comments, suggestions, or complaints |
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| Cancellation Policy |
An eSeminar may be canceled prior to the class material being provided. There will be a cancellation processing fee of $40. There are no cancellations after the material has been provided. Substitutions are allowed. |
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McKay Hochman clients entitled to the discount rate: please call (973) 492-1880 or email seminars@mhco.com to obtain a discount code. |
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