Although it is designed to be immediately useful to the experienced practitioner, it is also designed to be used along with Aspen's 401(k) Answer Book. The arrangement of chapters in Forms and Worksheets follows closely that of the Answer Book.
401(k) Answer Book: Forms and Worksheets also provides an overview of IRS and DOL forms needed to comply with reporting and disclosure requirements for 401(k) plans and directs readers to a host of helpful forms and information available on the IRS and DOL websites. Readers are provided with an overview and directed to website information that can:
- Help them decide the right plan design for their organization;
- Assist them with fulfilling their fiduciary responsibilities, including the steps they should take when hiring plan service providers;
- Learn how to identify and correct common plan mistakes that might otherwise lead to disqualification of the plan;
- Identify what government forms they need to file and get access to the most current version of those forms and instructions.
Highlights of the new material appearing in the 2010 Edition include:
- Up-to-date participant notice templates for safe harbor 401(k) plan notices, automatic enrollment notices, and QDIA notices;
- A reference chart of key participant disclosures and notices with cross-references to chapters in the 401(k) Answer Book for detailed information and tools;
- An updated chart comparing different automatic enrollment arrangements;
- Information on changes to Form 5500 filing requirements for 2009, including changes to Schedule C reporting on service provider fees and electronic filing requirements;
- A suite of updated forms related to distributions;
- A 90-day permissible withdrawal form for an eligible automatic contribution arrangement (EACA);
- An updated sample basic plan document, including a sample adoption agreement, basic plan document, and summary plan description (SPD) that reflects the Economic Growth and Tax Relief Act of 2001 (EGTRRA).
Other highlights include:
- A comparison chart of compensation definitions;
- Compliance testing worksheets;
- A Sample Investment Policy Statement;
- Model fee disclosure form;
- Forms to assist with plan termination.