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Message Boards Digest

July 8, 2019

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

mjf06241972 created a topic in Defined Benefit Plans, Including Cash Balance

Outsourcing DB / CB Plans

We currently have 25 DB /CB Plans we outsource. Fees are going up with the company we work with plus restatement fees so I want to review current relationship. Anyone work with a quality company for DB/CB outsourcing work? Outsourcing meaning they provide contributions, valuations and annual 5500 plus SB & schedules. Thank you.
Number of replies posted  2 replies      Number of times viewed  62 views      Add Reply

O shack Hennesy created a topic in Retirement Plans in General

ESOP Distribution Installments After 5 Years

My employment was terminated 6 years ago. I'm just now eligible for distribution but now they saying they will pay me in 5 years installments. So after waiting for 6 years, now I got to wait another 5 to get it all? Can they do this?
Number of replies posted  1 reply      Number of times viewed  33 views      Add Reply

Belgarath created a topic in Retirement Plans in General

A "Series LLC"

First time I've run into this. At first glance, it appears to be a form of business structure that allows "sub-LLC's" underneath the overall umbrella of the registered LLC. Specific legal requirements, only in certain states, apparently many unresolved or untested tax/administrative issues, blah, blah, blah. Wondered if anyone had encountered this in the retirement plan arena? Seems like it would be handled rather like a controlled group - that is, everyone in the multiple "sub" LLC's included for coverage/testing, and one or more groups could be excluded assuming you pass. We would, of course, have them discuss with tax/legal counsel before setting up any type of plan... Anyone had any dealings with a "Series LLC" in the retirement plan world?
Number of replies posted  4 replies      Number of times viewed  46 views      Add Reply

BenefitsRUs21 created a topic in 401(k) Plans

Plan Amendment Effective, but Late Adopted

Plan was amended effective Jan. 1, 2018 and plan was operated in accordance with these amendments. For some reason, the actual amendment was signed and adopted until April 2019. Is there an issue and if so how is it corrected?
Number of replies posted  1 reply      Number of times viewed  33 views      Add Reply
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