Live Webinar

60-minute live streaming program
  • February 4
  • 1:00 - 2:00 pm EST

Also available as:

OnDemand Course

Understanding 401(k) Plan Automatic Enrollment

February 4

Understand the benefits of automatic enrollment and the compliance issues that may affect it.

Studies show that implementing automatic enrollment is one of the most effective ways to increase participation and improve nondiscrimination testing. This course will describe the benefits of automatic enrollment, give a primer on automatic enrollment administration, and provide an update on recent legislation and compliance issues affecting automatic enrollment. The material will also explain the automatic enrollment structure and differences between general automatic contribution arrangements (ACAs), eligible automatic contribution arrangements (EACAs), and qualified automatic contribution arrangements (QACAs).

Learning Objectives

  • You will be able to describe the benefits of automatic enrollment.
  • You will be able to describe the benefits of automatic enrollment.
  • You will be able to explain different types of automatic contribution arrangements.
  • You will be able to review how to administer automatic enrollment.

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Why Lorman?

Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Overview
  • Automatic Enrollment Legal Background
  • Benefits of Automatic Enrollment
    • Participation Rates
    • Nondiscrimination Testing
Types of Automatic Enrollment
  • Basic Automatic Contribution Arrangement (ACA)
  • Eligible Automatic Contribution Arrangement (EACA)
  • Qualified Automatic Contribution Arrangement (QACA)
Automatic Enrollment Structure
  • Safe Harbor vs. Non-Safe Harbor
  • Eligibility
  • Default Elective Deferral Rates and Automatic Increases
  • Employer Contributions
  • Default Investments
Automatic Enrollment Administration
  • Enrollment
  • Notice and Election Requirements
  • Permissible Withdrawals
  • Default Investments and Fiduciary Concerns
  • Nondiscrimination Testing
Compliance and Legal Updates
  • Correcting Automatic Enrollment Errors
  • Recent Legislation and Guidance
  • Future of Automatic Enrollment
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More Program Information

Why Lorman?

Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on September 16, 2020.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Live Webinar Registration

  • ASA 1.0
     
  • This program qualifies for 1.0 continuing education hour(s) towards maintaining your ASA credential. Please contact ASA for more information at [email protected]
     
  • HR Certification Institute 1.0
     
  • This program has been approved for 1.0 (General) recertification credit hours toward aPHR(TM), aPHRi(TM), PHR®, PHRca®, SPHR®, GPHR®, PHRi(TM) and SPHRi(TM)recertification through HR Certification Institute® (HRCI®). For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org.
     
  • SHRM 1.0
     
  • Lorman Education Services is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for 1.0 PDC(s) for the SHRM-CP or SHRM-SCP.
     
  • CPE 1.2 including Personnel/HR 1.2
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.2 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Personnel/HR for 1.2 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     

Who should attend?

This live webinar is designed for human resource managers, benefits administrators, payroll managers, controllers, CFOs, accountants, bookkeepers, presidents, vice presidents, and business owners and managers.

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Why Lorman?

Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Adam M. Zuidema, Esq.

Adam M. Zuidema, Esq.

Stevens & Lee

  • Attorney in the Employee Benefits Group of the law firm Stevens & Lee, which is among the 250 largest law firms in the country and the cornerstone of The Stevens & Lee Companies
  • Focuses his practice in the area of employee pension benefit plans, including the drafting, design, compliance, and administration of single employer, multiple employer, and multiemployer plans
  • Routinely advises clients with respect to the requirements of the Internal Revenue Code and the Employee Retirement Income Security Act of 1974 (ERISA) for all types of employer-sponsored retirement plans, including profit sharing, 401(k), 403(b), governmental 457(b), employee stock ownership, money purchase pension, and traditional defined benefit plans
  • Regularly assists clients with correcting plan operational issues through governmental correction programs and with navigating Internal Revenue Service and Department of Labor retirement plan audits and investigations
  • Member of the American Bar Association, Lancaster Bar Association, Berks County Bar Association, and Lancaster Society for Human Resource Management
  • J.D. degree, Pennsylvania State University Dickinson School of Law; B.A. degree in political science, Case Western Reserve University
  • Can be contacted at 610-478-2155 or [email protected]
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Why Lorman?

Over 35 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 409450
Published 2020, 2022
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