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BenefitsLink
Message Boards Digest
April 6, 2022
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Here are the most recently added topics on the BenefitsLink Message Boards:
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Ananda created a topic in Defined Benefit Plans, Including Cash Balance
"Pension plans typically offer JSA options (50% through 100%) that name the spouse as beneficiary and which satisfy the QJSA rules. Could a pension plan offer a JSA option for a non-spouse beneficiary, such as a child? Of course, spousal consent would be required, but I've never seen a plan offer a JSA option for a non-spouse beneficiary, such as a child. Any issues or concerns here?"
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[Sponsored]
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SSRRS created a topic in 401(k) Plans
"A PS Plan is under audit. The agent is questioning why three participants (terminated in 2012) are shown with 100% vesting if, based on their years of service, they should only be 60% vested. It's true that their vested percentage should only be 60%, but the unvested amounts were forfeited and used to reduce the contribution back in 2016. Hence their remaining account balance is fully vested, and that's why the report shows
them as having 100% vested balances. Will this response open up any potential issues?"
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LMD1 created a topic in Retirement Plans in General
"Terminated DB plan transferred overfunded assets to QRP. Currently they are still in the 7 year period to allocate. If the sponsor is looking to sell the company, can the new sponsor keep and allocate the suspense assets, or does the excess have to revert back to the original sponsor?"
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Insurnacegirl555 created a topic in Health Plans (Including ACA, COBRA, HIPAA)
"I understand penalty A and B calculations. I also see that the B calculation will never be larger than a according to IRS guidance. If business has 59 FTE (so they are an ALE) but *only* 28 truly full-time employees, then the business is shielded from both penalties, correct? Because when you subtract the 'free' 30 from penalty A they would be at $0. So, even if 4 people go and get PTC, their penalty A would be $0 and their
penalty B wouldn't kick in because B can't be bigger than A (it says). So, a business with 30 FT all year (or less) is protected from penalties, correct?"
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Here are the most recently posted jobs on EmployeeBenefitsJobs.com, a service of BenefitsLink:
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Preferred Pension Planning Corporation
Remote / Bridgewater NJ
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Premier Plan Consultants
Remote / San Diego CA
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CPS Insurance Services
Remote / Newport Beach CA
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MAP Retirement USA, LLC
Remote / Appleton WI
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CBIZ
Remote / Phoenix AZ / Kansas City MO / Independence OH / Philadelphia PA
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NWPS
Seattle WA
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PAi Retirement Services
Remote / De Pere WI / Sioux Falls SD
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Pension and Retirement Services, LLC
Remote
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BenefitsLink.com, Inc.
56 Creeksong Road
Whittier NC 28789
(407) 644-4146
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Lois Baker, J.D., President
David Rhett Baker, J.D., Editor and Publisher
Holly Horton, Business Manager
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