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Message Boards Digest

January 4, 2022

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

bcmom created a topic in Relius Administration

Runtime Errors with Combination of Office 365 and Relius Admin?

"Our office is upgrading to Office 365. Since upgrading we're getting memory and runtime errors with Relius Admin when trying to access census or transactions, run reports and tests. We on version 2021.0.0. My computer still has Office 2013 and I don't have any issues. We've contacted Relius and they are not aware of any issues. Is anyone else using Office 365 and Relius Admin? Are you having any problems?"

No replies yet   |    Click Here to Add a Reply

steve45 created a topic in 401(k) Plans

Multiple-Employer Defined Contribution Pension Plans to Report Aggregate Account Balance Information by Employer

"Does anyone have any idea about the following change?

'Defined Contribution Multiple-Employer Pension Plans: The instructions have been revised to implement an amendment to ERISA section 103(g) in the Setting Every Community Up for Retirement Enhancement Act of 2019 by requiring multiple-employer defined contribution pension plans to report aggregate account balance information by employer on the existing Form 5500/Form 5500-SF attachment for reporting participating employer information.'

Date: December 29, 2021 (https://www.dol.gov/newsroom/releases/ebsa/ebsa20211229)"

1 reply so far   |    Click Here to Add a Reply

austin3515 created a topic in Form 5500

New 5500 Search Website is Pretty Cool!

"See https://www.efast.dol.gov/5500search/

The interface is much better and there is a new feature to allow filtering by all sorts of criteria."

No replies yet   |    Click Here to Add a Reply

RayJJohnsonJr created a topic in Retirement Plans in General

Did the Death Rate Skyrocket in 2021?

"The CEO of OneAmerica Life insurance company said in 2021 deaths were up 40%. The most in history he said. It was surprising because I had heard death claims were up 1.5%. He said all life insurance companies have experienced the same increase. Does anyone have information that refutes or supports this 2021 statistic?"

7 replies so far   |    Click Here to Add a Reply

Belgarath created a topic in Retirement Plans in General

1065 Schedule K-1 -- Do Any of the Changes Affect TPAs?

"Does any of this actually affect what we do as TPAs? Will CPAs need anything new from us due to the following? (I'm thinking the answer is no.) I just received an invitation to a webinar that says the following:

On recent IRS Forms 1065, Schedules K-1 and in related instructions, IRS launches massive reporting requirements re: negative tax basis capital accounts, at-risk activities, passive activities, partner level built-in gains, disregarded entities and many more.

We can't wait to be a deer in the headlights preparing Form 1065 and Schedules K-1. In this action packed program, you'll learn:

Course Outline

  • Negative tax basis capital account reporting -- What must be computed and disclosed (and by when) -- How IRS keeps moving the target
  • How partnerships (and S Corps) face the at-risk (and passive) activity reporting blues (and what to do about them)
  • Plethora of other new info required re: built-in gains lying in wait
  • Consequence laden all new reporting re: disregarded entity partners
  • New disguised sale reporting
  • New disclosures re: liabilities of partner
  • Stunning penalties for failure to wholly and accurately complete K-1"
No replies yet   |    Click Here to Add a Reply

401Kerfuffle created a topic in 401(k) Plans

Both Companies Are Foreign-Owned -- Results in a Controlled Group for 401(k) Purposes?

"Company A is 100% owned by a non-US company. Company B is 100% owned by the same non-US company. Is there a controlled group for 401k purposes?"

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 Junior Employee Benefits Recordkeeper

Junior Employee Benefits Recordkeeper  View details

American Pension Advisors, Ltd.
Indianapolis IN

View job as ESOP Retirement Account Administrator, Senior

ESOP Retirement Account Administrator, Senior  View details

Alerus
Remote

View job as Retirement Account Administrator

Retirement Account Administrator  View details

Alerus
Remote

View job as Employee Benefits Associate

Employee Benefits Associate  View details

Shipman & Goodwin LLP
Hartford CT / New Haven CT / Stamford CT

View job as Retirement Plan Specialist

Retirement Plan Specialist  View details

RTD Financial Advisors
Philadelphia PA / Cherry Hill NJ

View job as 401(k) Consultant/Account Manager

401(k) Consultant/Account Manager  View details

TPS Group
Remote

View job as Implementation Manager

Implementation Manager  View details

Micruity
Remote

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