BenefitsLink.com logo   

BenefitsLink
Message Boards Digest

February 15, 2019

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

Author's photo

CBCPA created a topic in IRAs and Roth IRAs

Non-Spouse Roth Beneficiary -- No RMDs Ever Taken

Daughter inherited mother's Roth account 18 years ago and was not informed about RMD requirement, so no distributions have been taken. Mother over 59-1/2 but had not held account for 5 years at death. No option for daughter now except draining account? Because daughter has held account for 5 years, are earnings taxable? What would the penalty for lack of RMDs be based on -- just the earnings?
Number of replies posted  1 reply      Number of times viewed  26 views      Add Reply
 
[Advert.]

Register by February 25 for Early Bird Rate! Join Us in April.

Sponsored by International Foundation of Employee Benefit Plans [IFEBP]
Attend Investments Institute to secure a thorough understanding of key issues impacting your fund's long-term investment strategy. This conference will explore topics like private markets, behavioral biases and the retirement landscape. Register now.
Author's photo

Brenda Wren created a topic in 401(k) Plans

Formal Notice of Forfeiture Buy-Back Opportunity?

Large plan (over 300 lives) has many rehires. Just wondering what's the general practice by other administrators -- do you provide formal notice of the forfeiture buy-back option to the affected participants?
Number of replies posted  1 reply      Number of times viewed  21 views      Add Reply
Author's photo

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

Pro Rata Deduction for Initial Short Plan Year?

DB plan has an initial short plan year. Effective date is 7/1/2018 and the actuarial valuation date is 12/31/2018. Does the deduction for 2018 need to be applied pro rata?
Number of replies posted  2 replies      Number of times viewed  29 views      Add Reply
Author's photo

JustnERPA created a topic in 401(k) Plans

True-Ups for the Self-Employed

Partnership has a 401(k) plan with match, the match is funded per payroll, but the two partners do not have paychecks -- they only have a few "draws" during the year. Some have no draw. The document allows the plan administrator to decide whether or not to apply a true-up for the plan year. The partners' NESE will be determined at year-end and will include their full compensation for the year for determining the match. Does that then require the plan to provide a true-up for the W-2 employees? The plan document does not appear to require that.
Number of replies posted  1 reply      Number of times viewed  23 views      Add Reply
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 2019 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