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Message Boards Digest

November 17, 2017

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

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RJM5FF created a topic in Retirement Plans in General

Affiliated Service Group in This Hospital/Medical Situation?

I would be truly grateful if someone could confirm that the following are affiliated service groups. Hospital Company has agreed to hire as employees, all the members of Doctors Company who will primarily/exclusively perform services for Hospital Company and will be highly compensated by Hospital Company. There is no common ownership between Hospital Company and Doctors Company. Hospital Company is a FSO and Doctors Company is a B-Org, despite the lack of common ownership, correct? I really appreciate any help provided!
Number of replies posted  1 reply      Number of times viewed  38 views      Add Reply
 
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5500Nerd created a topic in Form 5500

Is the 2017 Form 5500 Available?

Has anyone seen any information on the 2017 Form 5500 from the DOL or the IRS? I've heard that we should expect a few small changes.
Number of replies posted  1 reply      Number of times viewed  40 views      Add Reply
Author's photo

pmacduff created a topic in 401(k) Plans

Must Have 500 Hours During a 6-Month Period in Order to Participate?

If a plan has a six-month service requirement for participation, can it also have a minimum hours requirement (e.g., 500 hours in six months)? I thought that if you had less than 1 Year of Service for eligibility then you couldn't have an Hours of Service requirement, but a volume submitter plan document seems to allow it under the eligibility section. I had a client years back that had six consecutive month for eligibility and as a result of an IRS audit was required to allow certain employees to participate even though we thought were excludible. The IRS cited the service spanning rules.
Number of replies posted  7 replies      Number of times viewed  60 views      Add Reply
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ERISAAPPLE created a topic in Communication and Disclosure to Participants

Reliance on Technical Release 2011-03R for Delivery of Disclosures

Is anyone relying on Technical Release 2011-03R to deliver annual fee disclosures or any other disclosures? I don't see any advantage to using that release over the safe harbor in the regulations that covers consent to electronic delivery. Are there any?
Number of replies posted  0 replies      Number of times viewed  15 views      Add Reply
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Pension RC created a topic in Retirement Plans in General

Age on Uniform Lifetime Table for RMD

The IRS instructions for calculating an Required Minimum Distribution from an IRA state that you use the age that the participant will turn on his birthday in the current year. I assume that this applies to any DC plan RMD. I've been told that one could use attained age as of the last day of the prior plan year (as long your consistent year to year). Is there any basis for this?
Number of replies posted  1 reply      Number of times viewed  28 views      Add Reply
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