TinaW

If you have transitioned from the desktop version of CalcAir to the cloud-based platform, have you been satisfied with the conversion? We are considering a move to the cloud and would appreciate any feedback on your experience, including: How easy was the conversion process? Were you able to successfully migrate your historical data to the new system? If you manage large plans, how has the cloud version's performance compared to the desktop/on-premises version, particularly during busy season? Have you experienced any system outages or downtime during busy season? How responsive and effective has CalcAir support been when issues arose? Have you noticed any lag in calculations or other performance or security concerns? Were there any additional challenges or unexpected issues with the cloud-based platform? Any insights or lessons learned would be greatly appreciated.

If you do not have a spouse and name your trust as the beneficiary, can each beneficiary of the trust rollover their portion into a separate inherited IRA so each can determine when they want to take their taxable distribution within the 10 year period? If yes, what is the process of rolling the funds to the trust then beneficiaries?

We have a plan that amended their plan to stop safe harbor on 1/1/2025 (signed 10/10/2024) but did not distribute the SMM until 12/20. The safe harbor notice was not distributed. The regs indicated that the 30 days notice is for plans that are amending DURING the plan year, which this plan is not doing a mid-year amendment. The SMM requirement is 210 days notice. Participants are allow to change their deferral election every pay period and they are moving to a fixed match formula that is allocated at the plan year-end. Has anyone else found specifics on the notice requirement for a beginning of plan year amendment to remove safe harbor?

I have a plan that was audit level in 2021. They are current at 101 participants. Two participants terminated in 2021 has a zero balance on 1/1/2022, but received lost earnings within the year. Datair is counting them in the 2022 beginning participant count. Since they didn't have a beginning balance, should they considered a participant for the Form 5500 count?

We are currently on Datair and looking at other options. We are looking at Ft Williams (given we use their document & 5500 system), ASC, and possibly Relius (but unlikely given costs). One concern is the processing of huge plans. Currently, we have issues with Datair stalling during busy season when someone is importing or calculating a huge plan. We do not want to relive this. We also would like a program that provides some reconciliation options between the accrued balance on the software and vendor ending balance by participants. Do you have any of these retirement software companies and can you provide pros & cons?