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BenefitsLink
Message Boards Digest
November 24, 2021
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Here are the most recently added topics on the BenefitsLink Message Boards:
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K-t-F created a topic in Retirement Plans in General
"I have this older client who has a single member business (a civil engineer consultant). He want's to retire. Unfortunately, he got hooked up with a guy who sold him 2 lots in an RV park. Both lots are basically worthless now, he can't sell them. I've never heard of a pension plan donating assets. He's ready and willing to walk away if that is what it takes to liquidate his plan once and for all. - Can the plan donate the RV lots? - Does he
have to take the RV lots as a distribution in "kind", and then donate them? Any thoughts on what the best course to take might be?"
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TPApril created a topic in Distributions and Loans, Other than QDROs
"Participant terminates and submits full distribution paperwork. Prior to distribution check being written, he is rehired. Is there any reason the check still needs to be written?"
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JOH created a topic in 401(k) Plans
"Just putting this out there, does anyone have a resource that provides a good comparison or mid-level information for various plans. Like 401(k), 403(b), 403(b)(9), 457 plans, 457(f) plans, etc. Thanks"
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Plan Doc created a topic in Employee Stock Ownership Plans (ESOPs)
"An ESOP sponsor is controlled by husband and wife, who are direct shareholders in the sponsor and are also the ESOP's trustees. Is there a prohibited transaction or fiduciary breach if the ESOP sponsor leases or purchases property from a company that is in a controlled group with the ESOP sponsor? The ESOP is not a party to the lease or purchase transaction, but it seems there is opportunity for abuse, for example, if the ESOP sponsor pays
more than fair market value to lease or purchase the property. The value of the plan sponsor is thereby diminished, to the detriment of ESOP participants, while the controlled group member is unjustly enriched. Would an independent valuation of the leasehold interest or of the property offer protection against any prohibited transaction or fiduciary breach concerns?"
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metsfan026 created a topic in 401(k) Plans
"Is there an updated template for the QDIA notices? I can't seem to find one for some reason. Thanks everyone!!"
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Here are the most recently posted jobs on EmployeeBenefitsJobs.com, a service of BenefitsLink:
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Associated Pension Consultants
Chico CA / Sacramento CA
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Alerus
Remote
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One of the Best TPA Firms in the US
Remote / Oklahoma City OK
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Nationwide Insurance
Remote / Columbus OH
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Definiti
Remote / Louisville KY
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Definiti
Remote / Louisville KY
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Alerus
Remote / MN
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RAE Consulting
Horsham PA
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Human Interest
Remote / Denver CO
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BenefitsLink.com, Inc.
(407) 644-4146
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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.
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