IRA Excess Contributions & Recharacterizations


Being able to handle recharacterizations and excess contributions with confidence is fundamental to the management of retirement accounts. In this WiBinar, access valuable information regarding recharacterizations and excess contributions, including deadlines, calculating net income attributable (NIA), and reporting. Attendees will learn how to document the removal of an excess contribution correctly and how to complete a recharacterization.

To request playback, email Montana Townsend at

Learning Objectives:

  • Recall deadlines for required reporting and review penalties for improper reporting
  • Discuss required minimum distribution (RMD) reporting responsibilities
  • Compare methods for deceased IRA owner reporting
  • Correct errors made on Forms 5498, IRA Contribution Information, and 1099-R Distributions From Pensions


Robert Shipp
Consultant, ERISA Compliance Department

At Asensus, Robert assists clients with technical compliance questions through Asensus’ 800 consulting service. His expertise includes traditional and Roth IRAs, Coverdell education savings accounts, health savings accounts, and various employer-sponsored retirement plans, such as 401(k) plans, 403(b) plans, SEP plans, and simple IRA plans. Robert is a graduate of the University of Minnesota – Duluth, with a bachelor’s of arts in philosophy. He has earned the designation of qualified 401(k) administrator (QKA) from the American Society of Pension Professionals and Actuaries (ASPPA), certified ITA professional (CIP) from the National Association of Federal Credit Unions (NAFCU), and both the certified IRA specialist (CIS) and the certified health savings professional (CHSP) from Ascensus. Robert has been in the retirement industry for four years.


WiBinar Fees

Pricing For Price Season Pass
Bank Member $195 $0
Bank Nonmember $249 $0
Affiliate Member $195 $0
Affiliate Nonmember $249 $0

Season Pass Members receive 4 individual logins to every WiBinar:

This WiBinar is ideal for:

Trust Administrator, New Accounts Representative, Client Relationship Manager, Personal Banker, Universal Banker, Compliance Officer