Pitfalls of Participant Loans in Retirement Plans

• Overview
• OnDemand Credit

Overview
Participant loans in a qualified employee benefit plan are a common problem area due to their complex administration. Plan sponsors of qualified employee benefit plans need to be aware of many pitfalls to avoid tax consequences. Even worse than tax consequences is the possibility of the entire plan losing its preferred tax status. This OnDemand Webinar will explain the regulations of participant loans in a plan, help you avoid the associated pitfalls and ensure the plan complies with the regulations regarding participant loans.

Authors
Douglas A. Bertossi, CPA, CEBS, LarsonAllen LLP.

Self Study Credit - OnDemand Webinar

Agenda

1. Participant Loans Regulations
1. Plan Design
2. Terms
3. Repayments
2. Common Pitfalls of Participant Loans
1. Plan Design
2. Terms
3. Repayments
4. Fiduciary Responsibilities
3. Correction Methods of Plan Failures Due to Participant Loans
1. Self-Correction
2. Voluntary Correction Program
4. Questions and Answers