The ERISA Outline Book - Errors and Clarifications
Below are errors we have found in the 2017 Print Edition of The ERISA Outline Book. Each entry includes the date it was added to this page. The entries are listed in chapter order. In some cases, the entry is more a clarification of the text in the book, rather than the correction of an error.
- Chapter 1A
- Chapter 1B
- Chapter 2
- Chapter 3A
- Section II, Part D.2.e.2)a). In the cross-reference tip, the reference to "Section IV, Part F.7., of Chapter 3A" should read "Section VI, Part F.7., of Chapter 3A." [Posted on June 19, 2017]
- Chapter 3B
- Section X, Part E.2.f. The end of this paragraph includes a reference to "if EGTRRA sunsets." The sentence that includes this phrase should be deleted since Congress ended up not sunseting ERISA, and replaced the EGTRRA repeal of the estate tax with a permanent estate tax rule that included higher exemption thresholds. [Posted on April 20, 2017]
- Chapter 4
- Chapter 5
- Chapter 6
- Chapter 7
- Chapter 8
- Chapter 9
- Chapter 10
- Chapter 11
- Section VII, Part C.1.d.1) - The second sentence should read as follows; "The plan provides for recharacterization. In accordance with Treas. Reg. §1.401(k)-2(b)(3), the excess contributions are recharacterized as employee contributions in the first 2½ months following the close of the 2018 plan year (i.e., during the first 2½ months of the 2019 plan year)." [Posted May 4, 2017]
- Section XII, Part E.3.a.4)a) - In the second paragraph, which is titled "Plan's matching formula," change "54.78%" to "56.3" and change "56.3%" the first time it appears in this paragraph with "50%" (the second time 56.3% appears should not be changed). After these corrections are made, the third complete sentence of this paragraph should read: "If Judy were not catch-up eligible, and she were refunded $1,700 of her elective deferrals, but none of her match was forfeited pursuant to IRC §411(a)(3)(G), Judy’s effective rate of match would be 56.3%, rather than 50%, based on her matching allocation of $7,600 divided by her nonrefunded deferrals of $13,500." [Posted on August 3, 2017]
- Chapter 12
- Appendix A. The third checked entry under item 9) of the checklist should read as follows: "After December 18, 2015, a SIMPLE-IRA is permitted to receive a rollover from a workplace retirement plan (i.e., qualified plan, 403(b) plan, governmental 457(b) plan), but only if the 2-year period under IRC §72(t)(6) has passed (see 8)c) above). Prior to such date, a SIMPLE-IRA only could receive a rollover from another SIMPLE-IRA." [Posted on July 11, 2017]
- Chapter 13A
- Section III, Part D.5.a. The reference to "December 31, 2107" should read "December 31, 2017" [Posted on June 9, 2017]
- Chapter 13B
- Chapter 13B
- Chapter 14
- Section II, Part F. In the last line of the cross-reference bold subparagraph at the end of the introductory paragraph, the reference to Section II, Part G, of Chapter 7, should read Section IV, Part G, of Chapter 7. [Posted on November 7, 2017]
- Chapter 15
- Section VI, Part D. In the "Issue #2" row of the table, third column, the reference to "2.07(e)" should read "2.07(3)" and the reference to " B.¶6.f.(2)" should read " B.¶6.f.(3)" [Posted on February 26, 2018]
- Chapter 16
- Chapter 17
- Index Volume
- DEDUCTION LIMITS. There is a cross-reference under the ESOPs Index entry to the Deduction Limits for special deduction rules applicable to ESOPs. However, the Deduction Limits entry doesn't contain any subentry for that issue. The deduction limits for ESOPs are addressed in Section XVI, Part I, of Chapter 7. [Posted April 24, 2017]
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