Message Boards Digest

November 13, 2017

Here are the most recently added topics on the BenefitsLink Message Boards:

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DByrd created a topic in Health Plans (Including ACA, COBRA, HIPAA)

Seeking Affordable Health Coverage for Arizona Retired Teachers

COBRA is outrageously priced for Arizona retired primary and secondary teachers. Are there any associations in Arizona or nationally that would cover them with a reasonably priced health plan? Most of them retire at age 52 and must wait 13+ years for Medicare eligibility.
Number of replies posted  0 replies      Number of times viewed  29 views      Add Reply

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Santo Gold created a topic in 401(k) Plans

Compensation Used in QNEC Calculation; New, Partial Plan Year

Company is starting a calendar non-safe harbor 401k plan; document to be signed 11/15/17. The plan is effective retroactive to 1/1/17. 401k is effective 11/15/17. 415 limits therefore are not applied pro rata. We will use current year testing. The owners, due to December bonuses, could deposit $10K+ in 401(k) contributions before end of 2017 -- producing a high ADR for them. The NHCEs would not be that high. A QNEC is being considered, which will cost big bucks, but my question is whether the QNEC must use full year compensation as a basis or just the compensation from 11/15 through 12/31? This would obviously make a big difference in the QNEC.
Number of replies posted  5 replies      Number of times viewed  77 views      Add Reply
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Tom Poje created a topic in Retirement Plans in General

Annual 'Plan Ahead' Warning re Your Filings, While FIRE Is Down

The FIRE Production System will be down from 6 p.m. ET December 8, 2017, through January 7, 2018, for yearly updates. A controlled launch is scheduled for January 8-10, 2018, from 8 a.m. ET to 4 p.m. ET. The FIRE Production System will be available on January 16, 2018. An alert will be posted on the FIRE webpage if the system is available prior to January 16, 2018.
Number of replies posted  0 replies      Number of times viewed  35 views      Add Reply
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mefrancis1729 created a topic in Cross-Tested Plans

Multiple Employer Plan: Testing Owner's Compensation

I have 2 companies that have a multiple employer plan. My question has to do with the compensation for the owner. I have an owner who owns 100% of Company A and 50% of Company B. This owner receives W-2 compensation from both companies. How do I test the plan? Do I have this owner in both companies' separate testings and give them an allocation in both? (They want to do the maximum.) Or am I allowed to aggregate the compensation and only have the owner in one company's testing? I am leaning toward the first way because they do need to be tested under each employer. I know that the 415 limit is based on the compensation the owner receives from both employers.
Number of replies posted  1 reply      Number of times viewed  17 views      Add Reply, Inc.
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