Description
This course explores all aspects of employee compensation, and provides real-life examples of compensation options, health and life insurance strategies, and fringe benefits to help you understand the important and sometimes unexpected consequences of different planning approaches. Each planning technique is explained in clear, easy-to-understand language that takes you through the legal and regulatory requirements for instituting and maintaining benefits while also explaining the tax consequences of different approaches.
This comprehensive course:
- Describes all aspects of employee benefits planning
- Contains detailed discussions surrounding the relevant planning considerations, regulatory requirements, and tax consequences for each topic
- Includes benefits that can be used for all types of employees, including full and part-time employees, entry and mid-level employees, temporary employees, and executives
- Explains both qualified and unqualified benefits
- Outlines both immediate and deferred compensation strategies
- Describes important regulatory and tax considerations for fringe benefits such as company cars, moving expenses, and loans to employees
For those looking to learn more on employee benefits and retirement planning, this course provides detailed source material references to serve as jumping-off points for conducting deeper research, including:
- New coverage of Qualified Small Employer HRAs (QSEHRAs)
- Updated health insurance and health cost management strategies for the current regulatory environment
- The latest strategies and requirements form the Tax Cuts and Jobs Act (TCJA) of 2017 as it relates to all tax information
- Newly updated deferred compensation requirements cover both large and small employers, including important nondiscrimination testing and compliance procedures
- Expanded nonqualified plan coverage which provides solution outside of the traditional deferred comp offerings
Topics covered in this course include:
Chapter 1 The Process of employee Benefit Planning 1
Chapter 2 Cash Compensation Planning 5
Chapter 3 Annual Bonus Plan 11
Chapter 4 Severance Pay Plan 15
Chapter 5 Golden Parachute Arrangements 19
Compensation-Equity Options
Chapter 6 Stock Option 23
Chapter 7 Incentive Stock Option (ISO) 27
Chapter 8 Employee Stock Purchase Plan (Section 423 Plan) 31
Chapter 9 Restricted Stock Plan 35
Deferred Compensation-Overview
Chapter 10 Designing the Right Retirement Plan 41
Chapter 11 Planning for Retirement Needs 57
Deferred Compensation-Rules for Qualified Plans
Chapter 12 Designing a Qualified Retirement Plan 71
Chapter 13 Qualified Plans: General Rules for Qualification 75
Chapter 14 Qualified Plans: Distributions and Loans 87
Chapter 15 Qualified Plan Investments 101
Chapter 16 ERISA Reporting and Disclosure 107
Chapter 17 Estate and Retirement Planning with Qualified Plans and IRAs 115
Chapter 18 Life Insurance in a Qualified Plan 127
Deferred Compensation-Defined Contribution Plans
Chapter 19 Section 401(k) Plan 139
Chapter 20 Traditional IRA 151
Chapter 21 Roth Plans 159
Chapter 22 Profit Sharing Plan 165
Chapter 23 Employee Stock Ownership Plans (ESOPs) 173
Chapter 24 Savings/Match Plan 183
Chapter 25 Money Purchase Pension Plan 189
Chapter 26 Cross-Tested/Age-Weighted Plan 195
Deferred Compensation-Defined Benefit Plans
Chapter 27 Defined Benefit Pension Plan 201
Chapter 28 Cash Balance Pension Plan 209
Other Employer-Sponsored Deferred Compensation Plans
Chapter 29 HR 10 (Keogh) Plan 215
Chapter 30 Simple IRA 221
Chapter 31 Simplified Employee Pension (SEP) 225
Chapter 32 Tax Deferred Annuity 229
Chapter 33 Nonqualified Deferred Compensation 239
Chapter 34 Section 457 Plan 269
Health and Disability Plans
Chapter 35 Designing the Right Health Benefit Plan 277
Chapter 36 Group Health Plans 283
Chapter 37 Alternatives to Group Health Plans 301
Chapter 38 Flexible Spending Account 312
Chapter 39 Health Savings Account (Section 223 Plan) 319
Chapter 40 Cafeteria Plan 327
Chapter 41 Sick Pay (Short-Term Disability) 331
Chapter 42 Long-Term Disability and Long-Term Care Insurance 335
Life Insurance Plans
Chapter 43 Designing the Right Life Insurance Plan 343
Chapter 44 Group Term Life Insurance 347
Chapter 45 Split Dollar Life Insurance 355
Chapter 46 Key Employee Life Insurance 365
Chapter 47 Death Benefit Only (DBO) Plan 369
Ethics and Compliance Issues
Chapter 48 Knowing the Rules: Government Regulations and How to Find Them 375
Chapter 49 Common Control Rules 381
Chapter 50 Fiduciary Breach Litigation 389
Chapter 51 Age and Sex Discrimination 393
Chapter 52 Accounting for Benefit Plans 397
Appendices
Appendix A Benefit Plans for Proprietors, Partners, and
S Corporation Shareholders 401
Appendix B Qualified Plan Fact Finder 405
Appendix C Long-Term Incentives: A Comparative Analysis 429
Appendix D Government Benefits 433
Appendix E Designing the Right Package of Fringe Benefits 459
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