Training

Course Outline:

This two day course will cover the system selections and coding advanced options for Defined Contribution plans. This course will introduce you to creating the plan, running the valuation, reports, and an overview into the magic of import and export. Emphasis will be on 401(k) plans. Working knowledge from using the system is required for this course.

• System Navigation
• Creating New Plans
• Creating and using Default Plans
• Discussion of system screens (Plans, Sources, Employees, Investments and Transactions)
• Employees including Edit Grid
• Employee Eligibility, including Otherwise Excludable
• Employee Compensation for Allocation, Testing and other purposes
• Imports/Exports including Census
• Transactions, including shares
• Receivable Elections options
• Non-Discrimination Testing selections, options, and reports
• Reports – options, setting up, and groups
• Safe Harbor Plan Allocations and Coding
• Cross Tested Allocations/Testing/Maximizing formula
• Coverage Testing and Discrimination Testing Reports
• ADP/ACP Tests
• Imports for Investment Companies
• Updating including periodic valuations
• Military Spouse coding and effects on plan
• Qualified Student Loan Payments
• Roth Employer, Match, Safe Harbor Sources
• Long Term Part Time Employees
• Plan Comparison
• DC/DC combined plan testing using Master Plan
• Multi-Plan Operations
• Database Utilities

Course Outline:

This is an intensive one day course that covers all options in the system. Some previous defined benefit experience is required. Actuarial concepts and system coding for desired valuation results will be discussed. Working knowledge from using the system is required for this course.

• Plan Level specifications for DB/CB plans including Provisions, Assumptions, Death Benefits, and ASOP’s
• Coding benefit formulas and accrual methods for traditional DB plans
• Cash Balance Plans (Pay Credits, Interest Credits, and Assumptions)
• Coding allocation formulas for CB plans including class-based formulas
• Reviewing the valuation results at the Employee Level (Late retirees, distributions grid and offsets)
• Valuation results at the Plan Level (Contributions, AFTAP’s, shortfall amortization bases, and maintaining the PFB)
• PBGC covered plans (Flat-rate and Variable-rate Premiums and the Annual Funding Notice)
• BOY vs. EOY valuation dates coding & testing differences
• Sole proprietors and partnerships
• Plan amendments (including two-year restrictions in the 404-cushion amount for HCE’s)
• Reports (Proposal, Valuation, Setup, Groups)
• Funding Election Forms and Funding Relief options
• Common errors and omissions
• Updating to next plan year and how mini-updates are beneficial
• Combo DB/DC proposals and compliance testing using Master Plans
• Reviewing the testing assumptions and methods
• Reviewing testing results and Combined Reports
• Transfer of Schedule SB to 5500s and related attachments
• Distribution calculations including RMD’s
• System Utilities (Rate of Return Calculator and Actuarial Factors)

Course Outline:

This is a complete course that covers both Retirement Documents and Pension Reporter.

Retirement Documents

The first half-day course taught by CalcAir’s document attorney and covers the Secure Amendment that is required of all plans. Course will address the various provisions of the Secure Amendment as well as the mechanics of how to complete and generate the documents necessary to amend. Course will also include a refresher on Safe Harbor and automatic enrollment notices. Working knowledge from using the document system is required.

• Secure Amendments What’s Required & Deadlines
• CalcAir’s Secure Amendments
• Specific Secure Amendment Provisions
• Future Restatements

Pension Reporter

The second half-day course, presented in the afternoon will cover several of the most frequently used forms, filing processes and features. Covering basic and novice topics from system & form set-up to electronic filing via EFAST & FIRE. As well as unique system features for efficiency. Some exposure from using the system is required for this course.

• 5500 & 5558 Setup
• 5558 Electronic Filing
• Administrative Update
• Form 4419 & TCC set-up for 1099R & 8955-SSA
• 1099R/8955-SSA preparation, print & file with FIRE system overview
• Multi-Plan Operations

Course Outline:

If you cannot attend on a set date and/or wish to have system training that is tailored to your needs, you can attend customized training. Please contact us for more information or to schedule customized training.

Webcast: Your office can arrange customized web training in 1 or 2 hour increments to cover short topics. Our fee for this is billed at $275 per hour rounded to the next half hour. Minimum of 2 hours will be charged. Limit of 8 hours in a calendar quarter can be scheduled.

At CalcAir/Regional: Small group and individual classes. Our fee for these services is based on the class setup and time allotted.

In-Person: We will come to your office and conduct training tailored for your needs. Our fee for these services is $2,000 per day plus expenses up to 12 people. Travel time in excess of ½ day will be billed at $2,000 per day in ½-day increments up to one additional day.

Course Outline:

CalcAir offers webinars throughout the year on current topics, including new features, enhancements, and regulatory changes that impact the software.

Announcements: Webinars are posted in the Discussion Forums about a week in advance.

Live Attendance: Join live to ask questions in real time.

Recordings: Available within 48 hours and can be viewed unlimited times by anyone in your office.