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Message Boards Digest

October 5, 2021

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

metsfan026 created a topic in Defined Benefit Plans, Including Cash Balance

Replacing a DB Plan with a Cash Balance Plan

"Taking over a case that has two plans: a Profit Sharing and a fully funded Defined Benefit Plan. Is there any issue with terminating the DB Plan, rolling it into an IRA and then opening a new Cash Balance Plan?"

2 replies so far   |    Click Here to Add a Reply
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AmyETPA created a topic in Form 5500

IRS Says Our Package of Applications for Extensions of Time Didn't Get There on Time

"We sent a large group of 5558s to the IRS via Fed Ex on July 27th. Our clients have started receiving denials of the 5558 because they were not received timely. Tried calling the IRS and they have too many calls and the line just hangs up on you. I know this happened back in 2010, wondering if anyone else has had this issue this year?"

4 replies so far   |    Click Here to Add a Reply

Nate S created a topic in Defined Benefit Plans, Including Cash Balance

Muslim Client Has Issue with Hypothetical Fixed Interest Rate Under CB Plan

"A group of physicians is considering a cross-tested combination, 401(k) and cash balance. One owner-doctor is Muslim and is questioning the hypothetical interest on the allocation when expressed as a fixed-rate. He is fine with the 401(k) assets being market-driven, but has concerns about the cash balance allocation. [1] Anyone ever handle anything similar? [2] Can the hypothetical interest be 0 for his allocation class or is that a reduction? [3] Is there a better way to explain the interest part that may avoid his objection?"

2 replies so far   |    Click Here to Add a Reply

Belgarath created a topic in Cafeteria Plans

Anyone Actually Spotted a 'Simple Cafeteria Plan' in the Wild?

"Curious as to thoughts on this. I don't think I've actually seen anyone utilizing a 'Simple Cafeteria Plan' (pursuant to a provision in the Affordable Care Act). Any thoughts on why? Is it that the 2% employer contribution is a major sticking point, or are there other reasons? Seems like it would work well for many really small employers, if it isn't the required employer contribution that's the problem."

1 reply 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 Health Insurance Specialist (Program Policy) - GS13

Health Insurance Specialist (Program Policy) - GS13  View details

Centers for Medicare & Medicaid Services [CMS]
Remote / Woodlawn MD

View job as Health Insurance Specialist (Program Policy) - GS 11/12

Health Insurance Specialist (Program Policy) - GS 11/12  View details

Centers for Medicare & Medicaid Services [CMS]
Remote / Woodlawn MD

View job as Retirement Plan Sales Associate

Retirement Plan Sales Associate  View details

Leading Retirement Solutions
Remote / Seattle WA

View job as Senior Client Service Consultant

Senior Client Service Consultant  View details

CBIZ
Independence OH / Phoenix AZ / Torrance CA / Denver CO

View job as Senior Financial Analyst for Newport Trust

Senior Financial Analyst for Newport Trust  View details

Newport
Remote / New York NY / Minneapolis MN / Washington DC / Los Angeles CA

View job as Compliance Manager

Compliance Manager  View details

Newfront, formally ABD Insurance and Financial Services
Remote / San Mateo CA

View job as Client Relationship Manager

Client Relationship Manager  View details

Stones River Consulting
Remote / TN

View job as 401(k) Administrator

401(k) Administrator  View details

Blue Ridge ESOP Associates
Remote / Charlottesville VA

View job as Retirement Plan Consultant

Retirement Plan Consultant  View details

Heller Wealth Management
Melville NY

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