Message Boards Digest

April 13, 2022

Here are the most recently added topics on the BenefitsLink Message Boards: created a topic in VEBAs

PLR Available for a VEBA Termination?

"Will the IRS issue a private letter ruling with respect to the termination and final distribution of VEBA assets, or is this a no ruling area?"

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metsfan026 created a topic in 401(k) Plans

Lost Interest on Late Safe Harbor Contributions

"Have a client that missed making their Safe Harbor Contribution. Going to make the payment now, plus lost interest. The question is, what interest rate should be used? Where the money is invested calculates the actual rate of return, and from the due date to today most of the participants have actually lost money (even though the Plan lost during this time, I don't believe we can't avoid making interest). Therefore is it best to use the VFCP calculator to calculate interest?"

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