SIMPLE, SEP, and SARSEP Answer Book provides up-to-date coverage of recent legislative and regulatory developments in simplified employee pension (SEP) plans and savings incentive match plans for employees (SIMPLEs). It provides clear and concise guidance on the complex design, administration, and compliance issues that arise in connection with SIMPLEs, SEPs, and salary reduction SEPs (SARSEPs). SIMPLE, SEP, and SARSEP Answer Book, Nineteenth Edition has been updated to include: How plan failures involving a SEP and SIMPLE are corrected under Revenue Procedure 2013-12, the revised EPCRS, Employee Plans Compliance Resolution System Why the Supreme Court will now have to rule on the exemption for inherited IRAs in bankruptcy A discussion of the new three-year bankruptcy exemption limit ($1,245,475) for SEP IRAs and SIMPLE IRAs Why the DOL seeks to replace the five-part test under the 1975 fiduciary investment advice regulation with a new definition that makes more investment service providers accountable as ERISA fiduciaries How a SIMPLE IRA may provide for an Automatic Contribution Arrangement How the ongoing Employee Plans Compliance Unit (EPCU) SIMPLE follow-up project will ensure that SIMPLE IRA plan documents are in compliance When the grant of a security interest in an IRA was not a prohibited transaction Whether the Code Section 415 dollar limit is ever prorated for a new participant When and how the maximum compensation limit ($255,000 for 2013) is prorated The effect, if any, of the new 0.9 percent additional Medicare tax on self employment income and the new 3.8 percent unearned income Medicare contribution tax on net investment income on determining earned income for plan purposes How to compute the compensation a self-employed individual needs in order to be allocated the maximum amount ($51,000) for 2013 The statutory changes under GOZA, TIPRA, HERO, PPA, HEART, and WRERA relating to qualification of IRAs that became effective after the mandatory amendments were announced in 2002 How a prototype traditional IRA, SEP-IRA, or SIMPLE IRA may be amended to incorporate statutory changes without affecting reliance on a favorable opinion letter How the designated Roth account (DRA) rules apply to a 401(k) SIMPLE IRA plan And more!