BenefitsLink.com logo   

BenefitsLink
Message Boards Digest

May 7, 2021

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

TPApril created a topic in 401(k) Plans

One Person Owns a Corp and an LLP; Can Sponsor Two Plans?

"Entrepreneur has two separate businesses, no employees. Is he able to sponsor multiple plans on his own behalf, each with their own limits?"

5 replies   |    52 views   |    Add Reply

Tegernsee created a topic in Employee Stock Ownership Plans (ESOPs)

Reporting Net Unrealized Appreciation for a Non-Resident Alien

"We have a terminated participant in a U.S. ESOP who is a resident of Great Britain (a nonresident alien). He rolled over the non-stock portion of his account balance to an IRA in the U.S. (apparently he plans to work in the U.S. again some day), and had his employer stock distributed to a U.S. investment account so he could benefit from the net unrealized appreciation rules. We reported his basis as a taxable distribution on a 1099-R, putting his NUA in box 6, and put the total value of his total stock distribution (basis + NUA) on the 1042-S. He's now telling us that we should have put all the info on the 1042-S, and that there was no reason to file a 1099-R. I've read the instructions for both forms multiple times now, and I can't see where NUA treatment is discussed at all. That seems reasonable to me, because the purpose of a 1042-S as I understand it is to identify U.S.-source income so the appropriate treaty provisions may be applied to it. Has anyone else ever faced this issue?"

0 replies   |    22 views   |    Add Reply

benefitshelp created a topic in Health Plans (Including ACA, COBRA, HIPAA)

Coordination of Benefits Between My COBRA Coverage and My Coverage as a Spouse

"I was laid off, and took COBRA. My spouse later obtained a full-time job with benefits and I'm now included as a dependent on her medical insurance. For one month, these two policies overlapped before I terminated COBRA. For my claims during this 'double-coverage' month, is COBRA still primary for me, or does it switch to secondary and my spouse's insurance becomes primary for me? This makes a big difference with meeting deductibles."

1 reply   |    22 views   |    Add Reply

Jakyasar created a topic in Retirement Plans in General

HCEs Not Eligible for Profit Sharing Component of 401(k) Plan in CB/401(k) Combo Scenario

"Looking into a cash balance/401k combo plan. Non-PBGC therefore 6% limitation on DC plan deduction limit. 401k plan with deferrals, 3% non-elective safe harbor and profit sharing provisions. HCEs are excluded from the profit sharing portion only; i.e., they defer and received the safe harbor. Top heavy plan. Do I count their salaries towards 6% deduction?"

1 reply   |    19 views   |    Add Reply

Here are the most recently posted jobs on EmployeeBenefitsJobs.com, a service of BenefitsLink:

View job as DB/DC Plan Consultant

DB/DC Plan Consultant  View details

Small NY Actuarial TPA Firm
Telecommute / CT / NJ / NY

View job as Plan Manager

Plan Manager  View details

OneAmerica
Indianapolis IN / Wauwatosa WI / San Diego CA

View job as Associate - Employee Benefits

Associate - Employee Benefits  View details

Bass, Berry & Sims
Nashville TN / Memphis TN

View job as Defined Benefit Actuarial Analyst - CONTRACTOR

Defined Benefit Actuarial Analyst - CONTRACTOR  View details

Empower Retirement
Telecommute

View job as DC Administrator

DC Administrator  View details

MGKS
Telecommute / Phoenix AZ

View job as Plan Installation Specialist

Plan Installation Specialist  View details

Employee Fiduciary, LLC
Telecommute / Mobile AL

View job as Senior Counsel, Tax

Senior Counsel, Tax  View details

Transamerica
Telecommute / IA / MD

View job as Deputy Director for Drug and Health Plan Operations

Deputy Director for Drug and Health Plan Operations  View details

Centers for Medicare & Medicaid Services [CMS]
Telecommute

View job as General Attorney

General Attorney  View details

Pension Benefit Guaranty Corporation [PBGC]
Telecommute / Washington DC

►View More Jobs

►Post a Job

►Get Instant Job Alerts

BenefitsLink.com, Inc.
56 Creeksong Road
Whittier NC 28789
(407) 644-4146

Lois Baker, J.D., President
David Rhett Baker, J.D., Editor and Publisher
Holly Horton, Business Manager

Copyright 2021 BenefitsLink.com, Inc. All materials contained in this mailing are protected by United States copyright law and may not be reproduced, distributed, transmitted, displayed, published or broadcast without the prior written permission of BenefitsLink.com, Inc., or in the case of third party materials, the owner of those materials. You may not alter or remove any trademark, copyright or other notices from copies of the content.

Links to web sites other than BenefitsLink.com and EmployeeBenefitsJobs.com are offered as a service to our readers; we were not involved in their production and are not responsible for their content.

Unsubscribe | Privacy Policy