403(b) and 457(b) Plan Compliance Challenges: Avoiding Pitfalls in Plan Design and Administration
Universal Availability Rule, Excess Contributions, Hardship Distributions, Plan Amendments, Limiting Claims
Recording of a 90-minute premium CLE webinar with Q&A
This CLE course will guide employee benefits counsel on key compliance challenges in the design and administration of 403(b) and 457(b) plans and methods to overcome them. The panel will discuss complex rules and pitfalls to avoid in plan design, key administrative challenges, the universal availability rule, excess contributions, hardship distributions, and methods to limit claims.
Outline
- Overcoming compliance issues of 403(b) plans
- Avoiding compliance traps in 457(b) plans
- Impact of the new Section 4960 excise tax
- Key considerations for plan modifications in light of recent developments
Benefits
The panel will review these and other key issues:
- Key compliance issues of 403(b) and 457(b) plans
- Recent regulations regarding hardship distributions impacting plan design and administration
- Universal availability rule traps and methods to avoid them
- Implications of the new 4960 excise tax
- Plan modifications to consider in light of recent developments
Faculty

Carrie E. Byrnes
Partner
Michael Best & Friedrich
Ms. Byrnes concentrates her practice in employee benefits and executive compensation law. She assists employers and... | Read More
Ms. Byrnes concentrates her practice in employee benefits and executive compensation law. She assists employers and executives with all aspects of their compensation and benefits packages. She counsels on the design, drafting, implementation and administration of retirement plans, health and welfare benefit plans, fringe benefit plans, SEP-IRAs, deferred compensation plans, and equity and equity-based compensation arrangements. She is a frequent speaker on employee benefits topics.
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Carol V. Calhoun
Counsel
Venable
Ms. Calhoun is a member of the firm’s Employee Benefits and Executive Compensation practice. She has more... | Read More
Ms. Calhoun is a member of the firm’s Employee Benefits and Executive Compensation practice. She has more than 30 years of private practice experience with employee benefits and insurance product taxation matters, including qualified retirement plans, health and welfare arrangements, executive compensation, and insurance and annuity products. She has significant experience with standard pension plans, the full array of government plans, excess benefit plans, 401(k), cafeteria/flexible spending, and a wide variety of welfare plans. Her clients include states, localities, and international organizations regarding their benefit plans.
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