Let's break it down together.

This series is designed to cover the big issues – straight and to the point. We will break down legislation and regulations that affect employee benefit plans. You have questions? Great!  Because Office Hours is specifically designed to address your questions. We want to help you find the answers.

Thursday, April 4, 2019
10:00am - 11:00am PST

ABD Host
Brian Gilmore
Lead Benefits Counsel, VP

1) Why Does Section 125 Matter?

  • The cafeteria plan safe harbor from constructive receipt
  • Qualified benefits for cafeteria plans

2) Plan Document Requirements

  • Content requirements
  • Specific timing rules for adoption, amendment, and restatement

3) Making/Changing Elections

  • The biggest Section 125 issue!
  • The irrevocable election requirement, and mid-year permitted election change events
  • Why exceptions are a major problem (unless doctrine of mistake applies)

4) The Use-It-Or-Lose-It Rule

  • Exceptions to the rule
  • Permitted uses of forfeitures
  • Options after mid-year termination

5) Nondiscrimination Rules

  • Strategies for passing the notorious 55% Average Benefits Test
  • Best practices for correcting failures