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Message Boards Digest

January 7, 2020

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

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

Funds Available for Qualified Reservist Distribution

"I am trying to determine if interest on a 401(k) account is available for someone eligible for a Qualified Reservist Distribution. Our document language (which mirrors what I am reading in the Code) says that the distribution may be taken from 'amounts attributable to elective deferrals described in Code Section 402(g)(3)(A)…' So my question is -- does that mean the whole 401(k) deferral account can be withdrawn, including earnings? I don't see anything specifically prohibiting earnings, but I am not entirely sure if 'amounts attributable...' is only referring to contributions?"

Number of replies posted  0 replies      Number of times viewed  23 views      Add Reply

TPAinPA created a topic in Correction of Plan Defects

Need to Locate a Copy of Approval Letter for Certain Legg Mason Adoption Agreement

"We're doing a VCP filing for a client and I have a copy of the adoption agreement, but need to locate a copy of the Approval letter for the Legg Mason Wood Walker, Inc. Standardized Profit Sharing Plan & Trust #03-002. Any idea where to dig it up?I've tried the advisor's office, Legg Mason and a call to Citibank. I wanted to avoid using this particular adoption agreement because it wasn't dated, but it looks like I'm going to have to do that and hope for the best. Anyone else not be able to locate an approval letter from a large firm like this that obviously had one? How did you handle it?"

Number of replies posted  1 reply      Number of times viewed  36 views      Add Reply

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

FASB Discount Rate

"Is there any basis in using a discount rate for the FASB that is determined by taking the effective rate of the 430 HATFA segment rates (minimum contribution rates -- from the valuation), such as 5.64%, and the effective rate of the 404 segment rates (max contribution rates), such as 3.99%, such that the average of the two effective rates is the discount rate for the FASB?"

Number of replies posted  2 replies      Number of times viewed  47 views      Add Reply
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