Kudos26

Hello - Thanks in advance for any thoughts you have. Due to a coding error there were a couple benefit plans (e.g., voluntary life) that were coded as pre-tax when they should have been coded after tax. This happened for about 2 1/2 years. No life insurance proceeds have been paid on there yet. Error was discovered and fixed going forward. Does anyone have experience with this and how to go about fixing the past errors? Thanks

Hello, I have a question about DB plans that offer a Retroactive Annuity Starting Date. When calculating the make-up payment, is the basis for the amount of the payment the Normal Form of Payment under the plan or the actual form of payment chosen by the participant? It seems like the actual form of payment chosen by the participant, but I wanted to see if anyone had any thoughts. Thanks.

I have a quick question. X provided health and insurance services to its client. From there, X offered that client a discounted rate for providing fiduciary services to that client for its retirement plan. The retirement plan received a discount of 15% on the stated fee for the retirement plan because of the bundled services. Prohibited transaction? Do you have any thoughts or guidance you can provide? I have been unable to locate anything.

Does anyone have any experience/success with the DOL in narrowing the scope of a national office request for a global review of 408(b)(2) disclosures?

Does anyone have any experience/success with the DOL in narrowing the scope of a national office request for a global review of 408(b)(2) disclosures?

Participant received a single life annuity payment for several years from a qualified plan. 1099-R incorrectly indicated that the annuity payment was eligible for tax-free rollover and the payments were made to the IRA. Does anyone have any experience correcting this type of error? Does it fall under EPCRS somewhere? It seems like there will be an excise tax issue on the excess contributions unless they can be waived under EPCRS. Thanks.

Participant received a single life annuity payment for several years. 1099-R incorrectly indicated that the annuity payment was eligible for tax-free rollover and the payments were made to the IRA. Does anyone have any experience correcting this type of error? Does it fall under EPCRS somewhere? It seems like there will be an excise tax issue on the excess contributions unless they can be waived under EPCRS. Thanks.