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, 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

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

View job as DC Administrator

DC Administrator  View details

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

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]

View job as General Attorney

General Attorney  View details

Pension Benefit Guaranty Corporation [PBGC]
Telecommute / Washington DC

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