|
|
|
|
BenefitsLink
Message Boards Digest
April 19, 2018
|
|
|
|
|
|
Here are the most recently added topics on the BenefitsLink Message Boards:
|
|
BG5150 created a topic in 401(k) Plans
I have a client that has two people (NHCE) that they would like to exclude from the Basic Safe Harbor Match; they would still be able to defer. Coverage is not an issue. But, I still don't feel I can do this. But why not?
|
|
[Advert.]
It's not too late to join for Part 5 or the entire series (recorded parts 1, 2, 3 & 4). In this class, John Griffin, L.D., LL.M., will cover the following topics: Plan Documents, Plan Communications and IRS/DOL Audits. Register Now!
|
|
austin3515 created a topic in 401(k) Plans
For those who are interested. https://www.napa-net.org/news/technical-competence/regulatory-agencies/irs-pressed-on-vcp-fee-changes-at-hill-hearing/?mqsc=E3950396
|
|
WCC created a topic in 401(k) Plans
A participant contributed $15,000 Roth deferrals to plan A and $10,000 Roth deferrals to plan B. Participant is not catch up eligible and the plans are unrelated. Participant informed the plan sponsor today of the excess. My understanding is that the excess cannot returned after after April 15. However, the bundled recordkeeper (one of the large ones) says they will refund the excess anytime. This does not not seem right to me based on other threads (like the one below) but I cannot find specific authority for this stance. Is it just based on distributable event rules? Since neither plan fails 401(a)(30) can they return the excess after April 15? Can anyone provide authority for this? Thank you!! Edit: I finally found this in the EOB after I posted this question. 1.d. Are corrective distributions allowed after the April 15th deadline? The last sentence of IRC
|
|
52626 created a topic in SEP, SARSEP and SIMPLE Plans
I realize this topic was discussed in the past, but want to see if anything has changed. Company A has a SIMPLE IRA Company B has a 401(K) May 1, 2018 Company B purchases (stock purchase) Company A. Company B wants the employees of Company A to participant in the 401(k) Plan. The SIMPLE will remain in place ( "frozen") until it can be terminated. My initial thought was Company A employees cannot defer into the 401(k) Plan until 1/1/2019. Their contributions would continue to be made to the SIMPLE Plan for 2018. Company B would make the employer contribution. 1. Does Company B have to continue the SIMPLE Plan - could they leave the plan alone ( no contributions) until it can be terminated? 2. Is there any way the employees of company A can defer into the 401k plan for 2018? Or are they out of luck? thanks
|
|
|
|
|
BenefitsLink.com, Inc.
1298 Minnesota Avenue, Suite H
Winter Park, Florida 32789
(407) 644-4146
|
|
|
Lois Baker, J.D., President loisbaker@benefitslink.com
David Rhett Baker, J.D., Editor and Publisher davebaker@benefitslink.com
Holly Horton, Business Manager hollyhorton@benefitslink.com
Copyright 2018 BenefitsLink.com, 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 BenefitsLink.com, 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 BenefitsLink.com and EmployeeBenefitsJobs.com 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
|
|
|
|
|