It includes worksheets for projecting contributions and deduction limits for various plan designs. Numerous real-life examples illustrate a practical approach to designing plans for small businesses. Understand the various contribution and deduction limits and how they interact. Avoid embarrassing mistakes in projections by using step-by-step guidance in applying the limits.

Also includes practical worksheets on projecting plan contributions and benefits, along with a sample proposal report, client letters, and marketing aids.

The latest edition includes these new features and coverage:

• Plan aggregation.  Generally, all employees of a single employer must be considered on an employer-wide basis when applying the minimum participation and coverage rules. Discussion and an example have been added to illustrate plan aggregation and when aggregation is required.

• Determination letter program.  Several changes have been made to the Employee Plans determination letter program that will take place in 2012. This edition provides guidance on what adopting plan sponsors need to know.

• Exemption from user fees.  The IRS has expanded guidance on the eligibility for exemption from user fees for certain determination letter applications. Coverage of this guidance has been provided.

• Participant disclosures.  New rules go into effect this year for participant fee disclosures. Plan administrators need to be aware of their fiduciary responsibility in providing required notice to participants. 

• Fiduciary definition. The definition of fiduciary has recently been revised, then withdrawn, and now is in the process of being revised again. The most recent developments are discussed in this edition.