Message Boards Digest

October 7, 2020

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

Belgarath created a topic in Cafeteria Plans

CARES Act Prohibition on Mid-Year Change in Insurance Premiums -- Applies to Vision and Dental?

"Does the CARES act provision for changing health insurance coverage mid-year apply to vision or dental insurance? In other words, in a premium-only plan, are these coverages considered 'health coverage' for this purpose, or does the revocation of existing health health coverage or electing to now be covered, only apply to 'health insurance?' "

2 replies   |    24 views   |    Add Reply

Belgarath created a topic in 401(k) Plans

Credit Service at New Non-Controlled Employer for Purposes of Increasing Vesting in Plan Left Behind?

"Hypothetical question which may turn out to be real -- don't know yet if it is 401k plan or ERISA 403(b), but I don't think it matters.

Say you have employer A, whose plan has a (pick it - let's say 4 year graded) vesting schedule for matching contributions. (Not a safe harbor plan, by the way.) Let's say that employer A is going to be involved in starting up a new business, that for now at least would NOT be a controlled group. The new business B will have a bunch of employer A's employees transferred to them. Is there a reasonable way to have A's employees who transfer to B, have their vesting in A's plan continue to increase at the normal rate, based on the service with B? Something like: for vesting purposes only, former employees of A who transfer to Employer B will have their years of service with B apply to their account balances in this plan. Or something along those lines. I've never seen this done, but curious if it can be done."

5 replies   |    58 views   |    Add Reply

Milwaukee Transport Svcs created a topic in Retirement Plans in General

Request for Proposal - TEPP Legal Services

"TRANSIT EMPLOYEES’ PENSION PLAN (TEPP) REQUEST FOR PROPOSAL: TEPP Legal Services 2020 The Administrative Board of the Transit Employees’ Pension Plan (TEPP) is accepting proposals for a firm to provide Legal Services for the Transport Employees’ Pension Plan, a non-ERISA, collectively bargained, governmental pension plan. Responses shall be prepared in accordance with the requirements. Proposals will be accepted until October 26, 2020 @ 2:00 PM, CST. The full RFP can be downloaded at If you have any questions, please contact Carol Noll at"

4 replies   |    40 views   |    Add Reply

Jakyasar created a topic in Retirement Plans in General

Contribution of More Than Maximum Deductible Amount; Carry Forward to Next Year to Avoid Form 5330 Penalty?

"If $110k is contributed during 2019 and only $108k is deducted (CPA is not changing the deduction), is the excess $2k considered excess for purposes of a Form 5330 penalty, or can it be applied towards 2020?"

13 replies   |    52 views   |    Add Reply

Flyboyjohn created a topic in Retirement Plans in General

Need a Q&A from the 2009 Enrolled Actuaries Meeting with EBSA

"Looking a copy of the EBSA Q&A 15 from the 2009 Enrolled Actuaries Meeting (deals with payment of plan expenses)."

1 reply   |    40 views   |    Add Reply

thepensionmaven created a topic in IRAs and Roth IRAs

Pre-Tax vs. After-Tax Deferrals

"Most (if not all) W-2s we have received net deferrals from Box 5. We know pre-tax elective deferrals are added back to Box 5, such that gross is used for determination of any employer contribution. Because post-tax are already included in gross income (usually Box 1) of mixed opinion of others, do not increase gross by any Roth deferrals?"

0 replies   |    13 views   |    Add Reply

Tom created a topic in Form 5500

Ned to File Schedule D for Recordkeeper Plans Such as Ascensus or Principal?

"Anyone have opinion about filing Schedule D for recordkeeper plans such as Hancock, American Funds RKD and Plan Premier, Ascensus, Principal, Nationwide, Empower, Lincoln? We generally complete this but it seems like a waste of time because most information is on Schedule H."

0 replies   |    11 views   |    Add Reply

BG5150 created a topic in Form 5500

Auto-Renewal of Annual Filing Authorization for TPA Filing of Form 5500 on Behalf of Plan Administrator

"We have our clients complete a 'filing authorization' form every year when we, as TPA, are filing the 5500 on their behalf. Are we required to have one completed each year, or instead could we do just one that says Sponsor A authorizes TPA to file on behalf of Sponsor for all years until authorization is rescinded? I was also thinking that the authorization would be rescinded if the signer of the 5500 changes for any year."

0 replies   |    11 views   |    Add Reply

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

Top Heavy Plan But Employer Can't Afford to Pay Minimum Contribution

"2020 plan year is top heavy. Client has discretionary SHNE but cannot afford to fund SHNE or the top heavy minimum. Can the key employees withdraw all of their 2020 contributions (with earnings) in order to bypass the top heavy minimum contribution? I'm thinking this is a big no-no, but would like some proof. If any responses could have some regs pasted in, that would be fantastic."

6 replies   |    32 views   |    Add Reply

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First American Bank
Elk Grove Village IL

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401(k) Plan Participant Service Rep.  View details

Dallas TX

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Quality Assurance Manager  View details

Nova 401(k) Associates
Telecommute / Houston TX / Dallas TX / Scottsdale AZ

View job as Defined Contribution Retirement Plan Administrator

Defined Contribution Retirement Plan Administrator  View details

First American Bank
Elk Grove Village IL

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