NIPA realizes the time constraints and busy schedules you face in this dynamic profession. That's why we're excited to announce the upcoming launch of the new and improved News from NIPA.org.  

 

Be sure to check your inbox every Wednesday for the latest NIPA news.  

  

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The early registration discount for the 2012 NIPA Annual Forum & Expo (2012NAFE) is extended to Friday, March 30! Reserve your spot today to save $100.   

 

The 2012 NIPA Annual Forum & Expo (2012NAFE) taking place April 29-May 2 at our new location, The Cosmopolitan of Las Vegas provides enriching, need-to-know industry knowledge and education to provide enhanced support to your company.  

 

At no other event will you encounter this caliber of industry experts, leaders and retirement plan professionals and discover innovative solutions to help strengthen your business than the 2012NAFE.   

 

Earn up to 21 CE credits at the 2012NAFE  

 

Accommodations at The Cosmopolitan of Las Vegas 

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Registration for NIPA's Accredited Pension Administrator (APA) and Accredited Pension Representative (APR) designations is now available. Enroll by April 30 to complete your exams during the May testing window.

Earning one of NIPA's designations is definitely worth the investment of time and money. Not only will it give you a sense of personal accomplishment, but it will demonstrate your professional competency and commitment to the industry. You'll stand out from your peers, plus, you'll earn continuing education credits from NIPA, ERPA and the CFP Board upon completion.

NIPA makes earning your designation convenient and flexible APA/APR designation exams are administered online, making it easier and more convenient to schedule and complete your APA/APR exams. Plus, both the APA/APR Course 1 and the APA Course 3 are open-book and may be taken from home or work!

Don't miss this opportunity to strengthen your personal and professional value. Enroll in these designation programs and get instant return on your investment.

Take the first step in becoming an APA or APR. Enroll in an exam today!

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Q: Last year, the prior TPA on a takeover case first reduced an HCEs deferral by $5500 before calculating a QNEC (he  was well below $16,500). Is this an acceptable way to pass ADP? 

A: Nope. The amount of a participant's deferral that becomes catch-up is the amount of the deferral that exceeds a statutory, regulatory or plan imposed limit. Assuming the only limit that applies to the situation at-hand is based on the ADP test results (taking into account any QNECs or QMACs), the amount of the catch-up is the amount of the HCE's deferral that would otherwise be distributed to correct the ADP test failure. A plan cannot designate a deferral amount as catch up and exclude that amount from the ADP test.

The preamble to the final (2003) regulations provides that, "The ADP limit is the highest dollar amount of elective deferrals that any highly compensated employee (HCE) is permitted...by reason of the ADP test. The ADP limit is determined after taking into account all elective deferrals (other than elective deferrals that are catch-up contributions because of an employer-provided limit or statutory limit) and qualified non-elective contributions or qualified matching contributions for the plan year...".

For more Q&As for TPAs, click here.

TAG is a technical support service that offers answers to pension questions via e-mail. TAG subscribers have access to an extensive Web site with a full array of links to primary source materials, a database of over 4,000 FAQs asked by pension professionals, tools and much more. Subscribers also receive daily updates on breaking news in the industry. For more information about TAG, go to: http://www.tagdata.com. TAG is part of Wolters Kluwer Law & Business, which includes CCH, Aspen Publishers, and FTWilliam.com.

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