In the good old days, when I hovered over "message boards," I'd get a little drop-down menu where I could select "latest messages" and get a list of threads that had posts in the last day or so. One entry per thread, regardless of the number of posts. Good times.

Now when I do the aforementioned hover and click, I get a little error warning and no threads. If I click "activity" I get a list of what seems to be every post from the last day or whatever time period, and I'm not really liking that view much. Is a list of active threads like before somewhere and I'm just missing it?

BenefitsLink has compiled a handy web page with hypertext links to Form 5500 (and its variants) and Schedules, including Instructions, back to the first year the form was required by ERISA.

http://benefitslink.com/src/misc/form-5500-for-previous-years.html

Sometimes it's necessary to refile an earlier year's form, so the web page might be a convenient way to pull up the needed PDF documents, and to see which schedules were required for a particular year.

If you see any opportunities for improvements to the page, please let me know. Thanks!

Participant provides a valid and timely deferral change form to HR. Deferral form says "I want to defer 100% of eligible income on the December 31, 2016 payroll" HR does not process the request. Participant is upset and plan sponsor wants to fix the problem. We can follow Rev Proc 2015-28, but are there any other possibilities?

The payroll funds are sitting in the employee's checking account. What would happen from a compliance point of view if the plan sponsor retrieves the funds and corrects the December 31, 2016 payroll and withholds 100%? 

Thank you

Participant in a 401(k) Plan has a life insurance policy and dies. I understand that the difference between the proceeds and the cash surrender value are non-taxable. The beneficiary is getting paid out payments of the cash surrender value how would we report this on the 1099R. Specifically what code do we use? for the tax free portion.  

There are a couple of groups of forums that I have generally have no need to see ("Retirement Plans" believe it or not and "User Groups").  Before the upgrade, I could hide those groups.  After the upgrade, when I first go to the site, both those groups are unhidden and I manually have to hide them.  It's not the biggest thing in the world, but is there a way to make them so I do not have to manually do hide them?

It says the alternate payee gets 50% of the Account Balance Accrued between 12/1/05 and 9/1/16.    The participant has an account balance of 10,000 as of 12/1/2005.  Is it a simple calculation of taking the AB as of 9/1/16 minus the  AB as of 12/1/05 and taking 50% of that?

Or do we separate the Participants AB as of 12/1/05 and the Participant keeps the earnings on that. 

Or do we reject it and have it clarified?

Would there ever be a period of time where there is a loss of life insurance coverage during a 1035 exchange?

An employee entered into an employment agreement with his employer.  It had a section regarding the 401(k) plan with the wording "any employer matching funds for the 401k plan would be deducted from the overall compensation.   For example if compensation equals $300,000 and he puts in $10,000 into the plan thereby triggering a $10,000 employer match, then his compensation would be adjusted to $290,000"

Can you do this?  The company has a 401(k) plan and this person is a W-2 employee.   Thanks.  

We have a client that changed their payroll dates.   They processed a weekly payroll and then will revert to bi-weekly.   For this one weekly payroll, the client made the decision to only deduct deferrals for participants that made a percentage deferral election.  They did not deduct for those that elected flat amounts or loan payments.    I believe this falls into the category of missed deferral opportunity.   Am I correct?

We have a potential referral and interesting situation.

IRS is proposing disqualifying a plan back to it's inception saying it was never qualified.

In cases such as this, do the minimum funding standards still apply?

It would seem odd that they would apply since the disqualification would negate any deductions but I can't seem to find anything quite on point.

Assume the Plan is not subject to PBGC coverage and the client does not want to enter a closing agreement to "fix" the disqualification.

A participant was paid an RMD in 2016, but she lost the check. Therefore, the check was cancelled and reissued in 2017. Should a 1099R be created for 2016 or 2017?

What about if the payment was made through a third party distribution service? The plan wrote a check to the third party in 2016 and the third party sent the check to tyhe participant in 2016. In 2017, the third party cancelled their check and reissued. Does this situation have a different answer?

Thanks for any responses!

I'm a former employee of a company that offers ESOP as a benefit.  I was laid off in September of 2010 and was told that the company will hold the money for  60 month period.  When i contacted the company in 2015 I was told that I had to wait until the 5th plan valuation after separation, or 2016.  In 2016 I was sent information on elected a lump sum distribution.  I contacted the company and was told that  wold need to make the election between July 1 and September 30, 2016.  They payment would then be made no later than the end of the year (by December 31, 2016).  I elected my lump sum distribution on July 8, 2016.  On November 18, 2016 I contacted the financial company that would process the distribution.  I was told that the payment would be processed no later than December 31, 2016.  I checked again on December 29, 2016 and on December 30, 2016 that financial company again said that, per plan policy, payments would be processed by December 30, 2016.  On December 31, 2016 I received a letter from the company that was dated December 30, 2016. The letter stated that because sales were not as anticipated and industry competition was stronger than anticipated,  changes to the ESOP plan have to be made.  It explains payments to former employees will be deferred.  It does not say for how long.  Also, the letter says lump sum payments will no longer be made and payments will be made over 5 annual installments once participants become eligible for distributions.  I have not received a summary plan description since 2005 (I no longer even know where it is).  I stopped by the company to view the SPD and was told that the person who has access was gone for the day, so I will be back today to pick up copies. I am wondering if this type of last minute notice is sufficient.  Also, I am already eligible for distribution, so shouldn't I at least be getting one of those five annual installments?  I am not sure how I can make this company pay me my money. The attorney I contacted said if the account is not worth at least $100,000 it is not worth it to litigate. I know $27,000 is not a lot of money to most, but it will make a world of difference to my family.  The letter is attached, and it does not offer much information.  I would just like to know when I can expect to get paid.

401(k) Plan.  Loans per loan policy repaid through payroll withholding.  Participant going through divorce and wants to cease the withholding for loan payments and default.

Prior threads (found one from 2008) show no guidance offered and I have not found any guidance.

Any thoughts would be welcomed.

We have just learned the client was under the ADP Total Source admin and 5500s and have subsequently adopted our VS plan as an amended plan with the original effective date.

The ADP plan was effective 8/1/2008 but under the ADP Total Source as Employer/Plan Sponsor as well as the Plan Name.  ADP files one 5500 for all its clients and attaches a listing the name and EIN of each adopting employer and its EIN.

Obviously, DOL has no record of our client's ever filing a 5500 under their own Sponsor Name.  We took over the plan in 2016.

To DOL, wouldn't  this be considered the "initial return"? With $0 at beginning of year, the converted value of the investments as a "transfer"?

Would the effective date be the original, 8/1/2008 or 1/1/2016?

So, employer apparently operated a SIMPLE-IRA plan without ever completing and signing a document! Quite a trick. Anyway, when submitting for correction with a 14568, Schedule D, they ask for a copy of the current document. Since this isn't possible, obviously, I presume you would just include this in the narrative that there isn't an existing document.

Anyone ever done one of these, and had the IRS request anything additional?

Thanks,

Partnership on extension, partners can make the $18K by the due date of the partnership return.

Can he make two (2) $18K contributions, one for 2016 and the other for 2017.

Suppose, and it is very likely, the payroll company does not stop the dedutions at $18K, can any overage be considered for the calendar year actually paid?

Client is a PC with 2 dentists and 8 employees.

There are two investment accounts, both are pooled and are being allocated on the "balance forward" method.

Somehow, there are two plans, two sets of 5500s, both plans identical in form

We just took over the plan(s) for 2016 and advised the two plans should be merged

We had the client adopt a merger and transfer agreement in essence transferring the one "plan" into the other; but since the accounts are commingled, it would appear as there is no need to go beyond this step?

Does this necessitate preparation of 1099Rs ?

I divorced 20+ years ago and we had a QDRO filed for my no ex-husbands retirement.  He cannot retire until he is 62.  However with my job, I am eligible to retire at 55.  In our original QDRO, it states that I can only receive funds if my EX, retires, dies, or quits his job.  What I want to know is:  Can I request that the QDRO be amended, so that I can roll it over into my own CALPERS retirement?  It has now sat in an account for 20 years and continues to sit there drawing NO INTEREST at all.  Please let me know if anyone has challenged this issue and won, how did you do it?  Any and all input would be greatly appreciated.

It is working great for me on my laptop but the mobile version isn't pulling up the message boards.  Everything else seems to be working on the mobile version (for me at least)

I like the new look 

It took me a little bit to figure out how to delete the Grinch picture I was using.

I did have to log on, fortunately I had 'remember me' for the password so I didn't have to enter that.

Unable to do enter anything under the forum "How to use the message Boards", it treats me like I am logged out and it doesn't remember my password.