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Message Boards Digest

April 22, 2021

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

BG5150 created a topic in Correction of Plan Defects

Salary Deferral Excess Corrected Under EPCRS -- What 1099-R Code to Use?

"Participant is allowed to defer more than the 10% limit that the plan allows. Not catchup eligible. Per EPCRS, and Excess Allocation arising from a deferral must be distributed to the participant. What 1099-R code is used on that distribution?"

2 replies   |    21 views   |    Add Reply
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Tax Cowboy created a topic in Employee Stock Ownership Plans (ESOPs)

Seeking a Sample SCP Document for an ESOP

"I'm drafting a Self Correction Plan (SCP) to correct insignificant operational failures for an ESOP and looking to see if anyone has a sample (redacted?) document they're willing to share. Also looking for a robust article on SCPs -- its history and recent changes (including Rev. Proc. 2019-19). Willing to pay if needed."

0 replies   |    12 views   |    Add Reply

SG created a topic in Form 5500

Handling Covered Family Members in Completing Schedule A

"Could you help me understand two questions with regard to health insurance plans? [1] Should premiums for covered family members be counted in the premiums paid to insurers? [2] Should covered family members be counted in the number of participants?"

2 replies   |    30 views   |    Add Reply

5500sorBust created a topic in 401(k) Plans

Plan's Custom Fund Uses 'Eligible Plan Assets' -- Use Form 5500-SF or Schedule I?

"If a plan (under 100 participants) has a custom fund, and all assets within that fund are 'Eligible Plan Assets' as defined in the Form 5500 instructions, would they still be able to file the 5500-SF? Or would they be required to file Schedule I?"

5 replies   |    34 views   |    Add Reply

Vlad401k created a topic in Distributions and Loans, Other than QDROs

Hardship Distribution for Three-Year-Old Medical Bill?

"A participant had a medical expense about 3 years ago. He has not paid the bill and it's now in collections. Can he request a hardship distribution request for this expense?"

0 replies   |    9 views   |    Add Reply

Pammie57 created a topic in Form 5500

Schedule D Needed for Form 5500-SF Here?

"I am preparing a Form 5500-SF for a 401k plan with only 47 participants. The asset platform provided information for Schdule D & C. I know I don't need to attach a Schedule C, but I am second guessing about whether I need to prepare and attach the Schedule D to the 5500-SF."

1 reply   |    14 views   |    Add Reply

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USI Consulting Group
Telecommute / Glastonbury CT

View job as Compliance Auditor - EB Plans

Compliance Auditor - EB Plans  View details

Sikich LLP
Naperville IL

View job as Health Insurance Specialist (Recent Graduates and Degree Candidates)

Health Insurance Specialist (Recent Graduates and Degree Candidates)  View details

Centers for Medicare & Medicaid Services [CMS]
Telecommute / San Francisco CA / Boston MA / Chicago IL / Woodlawn MD / Seattle WA / New York NY

View job as Retirement Conversions/Implementation  Specialist

Retirement Conversions/Implementation Specialist  View details

Human Interest
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