Message Boards Digest

January 23, 2018

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

Author's photo

Jim Chad created a topic in 401(k) Plans

Reduction in QNECs Required When an Election Form Is Misplaced?

A reduction in QNECs is required under EPCRS when a participant is not given the opportunity to defer. Does this apply when an election form is misplaced?
Number of replies posted  2 replies      Number of times viewed  39 views      Add Reply

Comprehensive answers to your retirement plan questions.

Sponsored by Wolters Kluwer
Our TAG experts have on average over 25 years of experience so you get your questions answered -- quickly. With TAG you also get access to a fully searchable database of over 4000 FAQs, quick reference tools and charts, and daily news. Learn more.
Author's photo

Lou S. created a topic in Distributions and Loans, Other than QDROs

Rolled Over Into Roth IRA But Participant Wants to Change Mind; Options?

In 2017 (more than a little more than 60 days ago, I checked) a participant elected to roll over a fairly substantial pre-tax 401(k) directly to a Roth IRA. Despite making this election and agreeing he had read the Special Tax Notice that indicates if one elects to roll over to a Roth IRA this is taxable (though not subject to the 10% penalty), participant now claims he had no idea it would be taxable and had wanted it to go into a pre-tax IRA. Is there any recharaterization option available to the participant? I believe the transaction can't be unwound by returning the funds to the plan and re-issuing as rollover to traditional IRA, but on the 1-in-a-1000 chance I'm missing something, I thought I'd ask here.
Number of replies posted  4 replies      Number of times viewed  49 views      Add Reply
Author's photo

JustMe created a topic in Governmental Plans

401(a) and 403(b) Deposit Deadlines for Governmental Employer

Is there a deposit deadline for employer contributions to a governmental 401(a) plan? A governmental 403(b) plan?
Number of replies posted  4 replies      Number of times viewed  40 views      Add Reply
Author's photo

TomFridrich created a topic in Cafeteria Plans

Eligibility to Sponsor a Section 125 Plan

The employer (a non-profit religious organization) pays 100% of the health & dental insurance premiums for the FT employees, and offers coverage for spouses & dependents but at the employee's expense. Part-time employees must pay 25% to 50% of their health and dental insurance premiums, depending on how many hours they work. The employer offers a pre-tax Flexible Spending account for paying eligible medical, dental, eyeglasses and day care expenses. Insurance premiums aren't eligible. A consultant says the employer can't have a Section 125 plan because the employer pays 100% of the FT employees' health and dental premiums. Another consultant says the employer is indeed eligible to have a Section 125 plan, because some employees pay for spouse/dependent insurance premiums and most employees participate in the Flex plan. Who wins this shoot-out?
Number of replies posted  1 reply      Number of times viewed  29 views      Add Reply
Author's photo

MJBais1489 created a topic in Retirement Plans in General

Trying to Decide: QKA vs. CPFA

I am an associate for an RIA, in our Retirement Plan Division. I've spent the past year "learning by listening." All my energy after work has focused on finishing up the CFA. I recently became a charterholder, and I have the AIF designation. I'm extremely confident of my understanding of markets and investments. I'll be working as a 3(38) Investment Manager to plans. Where I'm a bit weak is the ERISA rules, how to optimally design plans for our clients, how rules affect certain things, etc. Where should I focus my energies in order to cover those bases? Should I obtaining the QKA designation? Or would the CPFA designation better serve me? Something else?
Number of replies posted  4 replies      Number of times viewed  48 views      Add Reply
Author's photo

Madmac created a topic in Plan Document Amendments

Can a QDRO Be Changed?

Can a QDRO be changed?
Number of replies posted  3 replies      Number of times viewed  49 views      Add Reply
Author's photo

Lori H created a topic in 401(k) Plans

After-Tax Contributions in Small Safe Harbor 401(k) Plan

Owner and spouse max out on pre-tax deferrals. They fund the basic safe harbor match. Owner exceeds 401(a)(17); spouse makes $48,000. They're considering an amendment to the plan to add after-tax deferrals. Owner sees a Wall Street Journal article, and is attracted to the idea of contributiong up to $73,000 per couple. They don't make a profit sharing contribution. Does the after-tax contribution negate the benefit?
Number of replies posted  5 replies      Number of times viewed  46 views      Add Reply, Inc.
1298 Minnesota Avenue, Suite H
Winter Park, Florida 32789
(407) 644-4146

Lois Baker, J.D., President
David Rhett Baker, J.D., Editor and Publisher
Holly Horton, Business Manager

Copyright 2018, Inc. All materials contained in this mailing are protected by United States copyright law and may not be reproduced, distributed, transmitted, displayed, published or broadcast without the prior written permission of, Inc., or in the case of third party materials, the owner of those materials. You may not alter or remove any trademark, copyright or other notices from copies of the content.

Links to web sites other than and are offered as a service to our readers; we were not involved in their production and are not responsible for their content.

Unsubscribe | Privacy Policy