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Message Boards Digest

January 14, 2022

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

PS created a topic in Plan Terminations

Termination of PBGC-Covered Plan Including Deceased Participants

"Terminating DB plan has a few deceased participants. Some of the vendors don't accept accounts for deceased participants. I believe PBGC does, though. How could I find a contact to whom I can refer my client?"

4 replies so far   |    Click Here to Add a Reply

2bizoneguy created a topic in 401(k) Plans

Confusion About Effect of Profit Sharing Contribution Under Affiliate's Plan

"One owner of 2 LLCs. 100% owner of both -- pass through single member.

LLC 1 has no employees, traditional 401k. He wants to max out profit sharing contributions and employee deferrals.

LLC 2 has 4 eligible employees, 1 participating, in a SH 401k with 4% match (100% to 3%, with 50% for 4th and 5th%).

Given the large profit sharing contribution in LLC 1, my concern is whether the 4% match covers the discretionary PS piece for LLC 2. Does every employee need to get same percentage PS for LLC 2, or do we go to a cross tested plan (i.e., new comparability)?"

3 replies so far   |    Click Here to Add a Reply

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View job as Retirement Client Services Manager

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Newport
Remote / Folsom CA / Chicago IL / Saint Petersburg FL / Lake Mary FL / La Crosse WI / Charlotte NC / Mobile AL / Overland Park KS / Dallas TX / West Des Moines IA / Los Angeles CA / Pittsburgh PA

View job as Investment Consultant Analyst / Associate Consultant - Fiduciary Consulting Services

Investment Consultant Analyst / Associate Consultant - Fiduciary Consulting Services  View details

Newport
Lake Mary FL / Saint Petersburg FL

View job as Retirement Relationship Manager - 401(k), 403(b)

Retirement Relationship Manager - 401(k), 403(b)  View details

Newport
Remote / Folsom CA / Saint Petersburg FL / Lake Mary FL / Chicago IL / West Des Moines IA / Overland Park KS / Minneapolis MN / Lake Mary FL / Charlotte NC / Greensboro NC / De Pere WI / La Crosse WI / AZ / CO / GA / MA / MD / MI / MO / NJ / NY / OH / SC / TX / VA

View job as Director of Actuarial Services

Director of Actuarial Services  View details

July Business Services
Remote

View job as DB/DC Administrator

DB/DC Administrator  View details

Primark Benefits
Remote / San Mateo CA

View job as Retirement Plan Administrator

Retirement Plan Administrator  View details

Benefit Consultants Group
Cherry Hill NJ

View job as Retirement Plan Administrator

Retirement Plan Administrator  View details

Fulton Bank / Fulton Financial Advisors
Remote

View job as Client Relationship Manager, Retirement Plans

Client Relationship Manager, Retirement Plans  View details

Human Interest
Remote / San Francisco CA

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