karl

Plan does read with no US income. Thanks to you both for your help!

What would an H-1B employee need to supply to the employer to confirm they are an nonresident alien? Plan excludes nonresident aliens and employee is asking to join.

Here attorney has now offered to write a purchase agreement from him. Is something like this what you meant?

We have a plan that allows hardship withdrawals and uses the safe harbor provisions. Participant purchased a home with a boyfriend (not married) and that relationship has ended. Participant has been court ordered to pay the ex-boyfriend an amount for his share of the home by way of the participant refinancing or selling the home. Participant is asking for hardship to purchase primary residence. Does refinancing fall under purchase of primary residence?

Thanks for the comments, appreciate the help!

Plan has discretionary match and currently the document election is to compute match with each payroll period. Sponsor is asking to amend the plan to be a Plan Year election to allow for true up. Now in February 2023, is this something that can be retroactively amended for 2022 plan year?

If the receiving plan can't accept the funds how does the new custodian have authority to issue to another institution? How does a participant make that election from a plan that isn't actually holding the assets? Issuing to a Roth IRA would need to generate another 1099R, correct?

We had a participant have a rollover processed from her old employer that was all Roth money not knowing that her current plan does not have Roth. The current plan's custodian cashed the rollover check into the plan as the custodian does not have the ability or discretion on whether the type of funds is acceptable. After current plan sponsor acknowledged they can't accept the current custodian issued check back to prior institution. Now we have prior institution stating they will not accept the money back to help the participant have a new election. Anyone have experience with this type of situation? How to correct? I can't imagine the current custodian having any options other than issuing back to prior institution without having a transaction of some sort in the current plan.

Appreciate the help. Thanks to all!

Recently filed 2021 Form 5500-SF for a plan and about a week after filing the Employer contacted us to let us know they realized after the fact that the filing had their old address. Address changed a couple years ago but didn't get noticed on the filing until now. Do we need to file an amended return?

We had an issue with some ADP refunds. Correct amount came out of participant accounts on 3/9 and initial check was issued on 3/11. But there was an issue with the check request and the initial check was issued for less than the total amount. Error was realized and 2nd check requests were made that will have a check date of 3/17. Is the amount issued in the 2nd check considered late?

Any Relius users have plans at T. Rowe price that can give guidance on how to import T. Rowe's trust report for annual compliance? Being told by Relius that we need to have the file "trimmed" and then can be used in the "Hartford" interface which is the same used for American Funds. Are users "trimming" files and if so is there software available for that or how is that done? Or is there another interface or solution to avoid that trimming process?

In this situation I think it could be considered a cutback. We're suggesting to not make any changes retroactive. Thank you for your help!

We have a company that offers a wellness incentive, which is a dollar amount based on years of service to be used towards medical premiums or reimburse certain wellness items such as gym memberships. This incentive is reported on W-2 and their plan document states to use W-2 income and does not exclude any type of compensation. They would like to amend document to exclude this wellness incentive from compensation. Could this type of amendment be done retroactively to beginning of current or prior year? (This is not a Safe Harbor plan).

Plan with about 700 participants had a 404a5 disclosure go to participants and has since realized that some information was incorrect. The plan has managed models and in the performance section the Since Inception date was incorrect, the performance was correct. What would corrective action need to be? Re-mail to everyone? Email to active employee's and mail to termed?