401(k) Answer Book, 2007 Edition

For reliable guidance on implementation, administration, termination, and every other aspect of 401(k) plans, rely on the "401(k) Answer Book." This quick-access sourcebook helps you ensure that every aspect of your plan runs smoothly and lets you avoid the pitfalls of poorly designed and administered plans. The 2007 Edition is easier than ever to use as a comprehensive, one-volume desk reference. Join the thousands of pension professionals who turn to the "401(k) Answer Book" for their toughest questions on: - Design considerations - Employee communications - Participant loans - Hardship withdrawals - Nondiscrimination testing - Fiduciary responsibility - Accounting and reporting requirements - Distributions - Transfer or rollover of benefits. Included in the 2007 Edition are: - A Legislative Update which summarizes the impact of Pension Protection Act of 2006 on 401(k) and other defined contribution plans and individual retirement accounts, with cross-references to questions and answers in the book where specific topics are discussed in further detail - Final regulations on the Roth 401(k) feature - Detailed information on analyzing the Roth 401(k) option - Proposed IRS regulations on loans and hardship withdrawals from Roth accounts - Information on corrective distributions and catch-up contributions in the Roth 401(k) context - Impact of new bankruptcy legislation on participant loans - Special rules applicable to victims of hurricanes Katrina, Rita, and Wilma in connection with taking a plan loan or distribution - Impact of consolidation in the 401(k) recordkeeping industry on selection of service providers - Detailed information on selecting service providers, including recently issued guidance from the Securities and Exchange Commission (SEC) and the Department of Labor (DOL) - Recent changes to the Internal Revenue Service s Employee Plans Compliance Resolution System (EPCRS) - New guidance on amending plan