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Message Boards Digest

August 8, 2019

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

TPApril created a topic in Cross-Tested Plans

Rate Group Failure -- Correction Options

Cross tested plan is not set up with individual rate groups for each participant, but rather rate designations (ie 5%, 10%, 15%). Rate group fails for one HCE. We see two options for correcting, but neither one fits cleanly into the rate group designated percents: [1] Reduce failing HCE from 15% to 14% (preferably than to 10% since 14% passes), or [2] Increase 1 NHCE from 10% to 12.35%. Agree?

Number of replies posted  15 replies      Number of times viewed  69 views      Add Reply
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JRN created a topic in Employee Stock Ownership Plans (ESOPs)

Bank Holding Company Loan to ESOP

Can a bank holding company make an "exempt loan" (i.e., a loan that will be used by the ESOP to acquire newly issued stock from the bank holding company) to its own ESOP?

Number of replies posted  1 reply      Number of times viewed  28 views      Add Reply

R. Butler created a topic in Defined Benefit Plans, Including Cash Balance

Funding Deadline for DC/Cash Balance Combo

Plan sponsor has both a DC and a cash balance plan. I know that DB plans have to be funded within 8-1/2 months after the end if the plan year. Does the plan sponsor still have until the extended date of the tax return (October 15 in this case) to make the DC contributions?

Number of replies posted  1 reply      Number of times viewed  24 views      Add Reply
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