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Message Boards Digest

February 27, 2020

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

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

Remarriage to My Ex-Spouse -- Effect of Earlier QDRO

"So I signed a QDRO when divorcing my husband after being married 17 years of marriage. I relinquished rights to my husband's pension, in trade, I then got the funds that were in his annuity. A year later, we remarried. We were then married another 5 years until he passed away last year. I am receiving his pension but only half of what we thought. I've brought this to their attention and now they want my divorce decree. My question is, since I relinquished his pension when we divorced, can that affect me receiving it now even though we remarried? He passed away 6 months ago and as long as I don't push it, they aren't doing anything about it. But when I brought this to their attention, they got a company lawyer involved. Obviously getting something is better than getting nothing so I don't want to push for the rest if I could potentially lose it all!"

Number of replies posted  1 reply      Number of times viewed  39 views      Add Reply

Pensions2020 created a topic in 401(k) Plans

Update on 2020-2022 Plan Restatements?

"Does anyone know of any updates on the upcoming plan restatements due to begin on 05/01/2020?"

Number of replies posted  4 replies      Number of times viewed  60 views      Add Reply

turd-party-administrator created a topic in 401(k) Plans

Safe Harbor Match True-Up: Adjust for Earnings?

"Plan document states that safe harbor matching contributions (SHMAT) are determined/allocated on a plan year basis. Client makes SHMAT contributions payroll by payroll throughout the year. At the end of the year, true-up contributions are needed. My question is: do the true-up contributions need to be adjusted for earnings?"

Number of replies posted  2 replies      Number of times viewed  44 views      Add Reply

M Norton created a topic in 401(k) Plans

SH 401(k) Switch Between SH NEC and SH Match

"In 2018, small plan sponsor adopted a SH 401(k) plan with SH match provisions, using the ftwilliam Basic Plan Document. For 2019 plan sponsor wanted to switch to the SH NEC so we prepared the SH notice with that language to hand out to employees by 12/1/2018. Again for 2020 he wanted to do the SH NEC so again the SH notice had the SH NEC language and was distributed to employees around 12/1/2019 (right before the SECURE Act was signed). Now that notices are no longer required if a plan sponsor wants to do the SH NEC, does the plan document need to be amended to remove the SH match language?"

Number of replies posted  5 replies      Number of times viewed  46 views      Add Reply

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

Excess Contribution Due to Prefunding Balance

"2019 Funding Requirement = $100k. Carryover Balance = $0. Prefunding balance = $150k. Employer elects to apply $40k of PFB towards funding requirement, but later makes $80k contribution (let's forget about discounting for this). This results in excess contribution due to credit balance of $20k. Does employer have option to add back the excess contribution to PFB, adjusted for actual return on assets?"

Number of replies posted  1 reply      Number of times viewed  20 views      Add Reply

turd-party-administrator created a topic in 401(k) Plans

Prior Year Termination and Re-Hire Dates on the 2019 Census

"I have a client that included prior termination and re-hire dates on the 2019 census. Should the prior year termination and re-hire dates be taken off the 2019 census because they were included on prior year census files? I would think that they could be taken off, but I'm not entirely sure."

Number of replies posted  2 replies      Number of times viewed  33 views      Add Reply

AlbanyConsultant created a topic in 403(b) Plans, Accounts or Annuities

Maintaining the Administrative Addendum Upon a Plan Amendment?

"A 403b doc was restated, and now it's being amended. Does the amendment need to get its own administrative addendum to show the change from the previous version? Or does it get added onto the addendum they had from 2010 that listed all the changes for the past 10 years?"

Number of replies posted  0 replies      Number of times viewed  5 views      Add Reply

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

Need Names of Companies Implementing In-Service Distributions from DB Plans ('Phased Retirement')

"I'm looking for specific names of any companies that have implemented Phased Retirement Plans, specifically those that allow in-service distributions from the existing defined benefit plans. Googling has only turned up generic articles on the subject."

Number of replies posted  1 reply      Number of times viewed  26 views      Add Reply
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