Message Boards Digest

September 3, 2018

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

Author's photo

pmacduff created a topic in Form 5500

VFCP filing question

If late contribution were already corrected is there still a required 5330 filing? Looking at Section 4975, those excise taxes are for those contributions that have not been corrected. Plan Administrator is trying to answer the question in the VFCP application relating to the exemption from the excise tax but the wording seems to be contradictory. .
Number of replies posted  0 replies      Number of times viewed  36 views      Add Reply
Author's photo

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

Preventive Care Implementation

I was wondering if there is guidance regarding how often self-insured plans need to implement updates to the USPSTF A and B Preventive Care Recommendations. How soon after a recommendation is released must a non-grandfathered plan implement it as a covered preventive service without cost sharing?
Number of replies posted  3 replies      Number of times viewed  36 views      Add Reply
Author's photo

bzorc created a topic in SEP, SARSEP and SIMPLE Plans

SEP Eligibility Dumb Question #2

A Schedule C business utilizes a leasing company to pay employees. Schedule C owner wants to know if they can make a SEP contribution on their own behalf, and not for the employees who are paid by the leasing company. It is unknown if the employees can utilize the leasing company plan, but, for arguement sake, let's say they can. In looking at various threads throughout here, I change my answer with every post I read. If anybody could give me some guidance on this, I would appreciate it.
Number of replies posted  1 reply      Number of times viewed  37 views      Add Reply
Author's photo

Belgarath created a topic in Distributions and Loans, Other than QDROs

Loan to acquire principal residence, deal falls through

This happens sometimes. Let's assume the individual promptly repays the loan amount, plus interest for the few days he had the funds. Now 2 months later, set to buy a house again. Would you treat the first loan as "never happened" for purposes of the subsequent loan limits, or would you treat it as part of the highest outstanding balance in the last 12 months? I lean toward to former, as the latter seems to produce a truly unfair result, but one could argue that the latter is more technically correct. Opinions?
Number of replies posted  8 replies      Number of times viewed  70 views      Add Reply
Author's photo

TPATC created a topic in Distributions and Loans, Other than QDROs

RMD factor below 1.0

Participant died in 2001. Spouse continues the MRDs each year until she dies in 2007. Daughter continues RMDs each year based on the life expectance of the spouse as of the spouse's birthday in the year of death, reduced by one each year. Spouse's single life expectancy in 2007 was 11.4. Therefore, factor for 2018 is 0.4. I am assuming this converts to 1.0. For discussion purposes, account balance at 12/31/2017 was $100,000, and balance as of today is $105,000. My question is, must the daughter close the account in full by 12/31/2018, or can she take the 12/31/2017 balance of $100,000 as the RMD by 12/31/2018, and carry over the earnings each year with continued RMDs on that substantially declining balance?
Number of replies posted  6 replies      Number of times viewed  59 views      Add Reply
Author's photo

RatherBeGolfing created a topic in Retirement Plans in General

Trump executive order boosts MEPs (PEP? ARP?)

NAPA Net article on the executive order White House factsheet on the executive order Executive Order on Strengthening Retirement Security in America
  • Executive order directs DOL to "consider changes" to make it easier for businesses offer MEPs together. Order uses the term Association Retirement Plans so I guess they are now MEP/PEP/ARPs...
  • Executive order also directs Treasury to review rules on RMDs so that participants can keep more money in plans and IRAs longer
  • Executive order also directs DOL to consider ways to improve notice requirements to reduce paperwork and admin burdens. Can you say electronic disclosures?
Number of replies posted  6 replies      Number of times viewed  76 views      Add Reply
Author's photo

mctoe created a topic in Defined Benefit Plans, Including Cash Balance

Determine Mortality Table Used

My apologies if this is a dumb question from a non-actuary. Is there a way to figure out what mortality table was used in determining PV of governmental defined pension plan? I have the following info:
  • Age at cut-off = 41.86
  • Pension start age: 45.66
  • Accrued annual pension benefit at cut-off age = $40,639.32
  • PV of $1 pension = $12.2619
  • PV pension = $498,315
Thank you.
Number of replies posted  1 reply      Number of times viewed  14 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