Section III: Requirements of Defined Contribution Plans

Table of Contents

• Page 41 — Requirements of Defined Contribution Plans
  • Page 42 — ERISA
  • Page 43 — Code of Federal Regulation (CFR)
  • Page 43 — United States Code (USC)
  • Page 44 — Internal Revenue Code (IRC)
• Page 45 — Eligibility & Participation
  • Page 46 — Classification
  • Page 47 — Service Requirement
  • Page 47 — Age Requirements
• Page 48 — Annual Compliance Testing
  • Page 50 — Coverage Testing
  • Page 51 — Nondiscrimination Testing
  • Page 53 — Current Year Testing Method
  • Page 53 — Prior Year Testing Method
  • Page 54 — Top-Heavy Rules
  • Page 55 — Consequences of Annual Compliance Testing Failure
  • Page 56 — Solutions for Nondiscrimination Testing
  • Page 57 — Safe Harbor 401(k)
  • Page 58 — SIMPLE 401(k)
• Page 59 — Vesting Schedules
• Page 61 — Contribution Limits
• Page 62 — Rollovers
  • Page 64 — Other Considerations
• Page 65 — Payment Options from Retirement Plans
  • Page 65 — Form of Payments
  • Page 66 — Taxation
  • Page 67 — Required Minimum Distributions
• Page 68 — Section III Action Assignment

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