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Message Boards Digest

September 16, 2021

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

SSRRS created a topic in Retirement Plans in General

Hurricane Ida Relief Applies to Deadline for Audit Response?

"If a pension plan in the covered area for Hurricane Ida relief and is under IRS audit, would the plan now have an extension until January to respond to the agent's questions?"

No replies yet   |    Click Here to Add a Reply
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SSRRS created a topic in Defined Benefit Plans, Including Cash Balance

'Exhibit A' Eligibility Technique

"In a DB plan document (the plan uses a Safe Harbor benefit formula), in the eligibility section, are the following provisions:

'(1) Eligible Employees. For purposes of Section 2.1(b), all Employees are Eligible Employees except for the following ineligible classes of Employees:

(A) Union Employees;
(B) Non-Resident Alien Employees; and
(C) Employees not listed on Exhibit A.

For each plan year the Exhibit A is updated to list the employees who are eligible. So all employees who are not listed are ineligible. The plan covers, each year, enough employees to cover 410(b) and 401(a)(26). A new Exhibit is created for each plan year. The document contains the yearly Exhibits. Are there any potential issues with this method?"

5 replies so far   |    Click Here to Add a Reply

401king created a topic in 401(k) Plans

Post-PPA Cycle 3 Matching Contribution Resolution -- What Deadline?

"Regarding the notice and resolution requirements for flexible discretionary matching contributions-- must these be performed before the year begins?"

No replies yet   |    Click Here to Add a Reply

KEM created a topic in 401(k) Plans

Loans and Hardship Distributions Allowed from a Frozen 401(k) Plan?

"If a 401(k) plan is frozen, it's still permissible for participants to take out new loans and hardship withdrawals, correct?"

5 replies so far   |    Click Here to Add a Reply

Scott A. Davis created a topic in 401(k) Plans

5500 Data -- Are HCE and Key Employee Lists Required?

"Would you agree that HCE and Key Employee status is not relevant for purposes of a Form 5500?"

3 replies so far   |    Click Here to Add a Reply

Scott A. Davis created a topic in Cafeteria Plans

'Safe Harbor' for Premium-Only Cafeteria Plan

"Can someone tell me what's the 'safe harbor test' for a premium-only cafeteria plan?"

1 reply so far   |    Click Here to Add a Reply

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

COVID Distribution Processed by TPA Without Trustee's Authorization

"A COVID distribution was processed by the TPA without the trustee’s authorization. Are there penalties or other consequences? What should the TPA do?"

2 replies so far   |    Click Here to Add a Reply

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

View job as Retirement Plan Benefits Consultant

Retirement Plan Benefits Consultant  View details

Compass Retirement Consulting Group
Remote / Stratham NH

View job as Plan Administration Manager, Client Services

Plan Administration Manager, Client Services  View details

The Retirement Advantage, Inc.
Remote

View job as Document Specialist

Document Specialist  View details

The Retirement Advantage, Inc.
Remote

View job as Employee Benefits Associate

Employee Benefits Associate  View details

Willcox & Savage, P.C.
Norfolk VA

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