Message Boards Digest

January 25, 2019

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

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Santo Gold created a topic in 401(k) Plans

401(k) Plan Terminating; Starting a Replacement SIMPLE IRA

An employer wants to terminate his 401k plan in 2019 and start a SIMPLE IRA plan at the beginning of 2020. Can the employee 401k accounts be rolled immediately into the SIMPLE IRA or is there a 2 year wait? If a 2 year wait, then if the owner and/or participants wanted to have their 401k money in the SIMPLE IRA, could they park the money in an IRA, wait two years, then move it to the SIMPLE IRA?
Number of replies posted  0 replies      Number of times viewed  10 views      Add Reply
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BG5150 created a topic in 401(k) Plans

Add Voluntary After Tax Contributions to a Safe Harbor Plan -- Does It Mess with Top Heavy?

We have a client that wants to add a Voluntary After Tax component to a Safe Harbor Match plan (not Roth). The SHM will be the only employer contribution. The top heavy regs say if a plan consists SOLELY of a CODA and the SH, then the plan won't be top heavy. Does the addition of the VAT mean top heavy is back in play?
Number of replies posted  3 replies      Number of times viewed  20 views      Add Reply, Inc.
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