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BenefitsLink
Message Boards Digest
April 26, 2022
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Here are the most recently added topics on the BenefitsLink Message Boards:
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PS created a topic in Plan Terminations
"Plan was terminated by Sponsor on 12/28/2021. Plan was terminated by plan counsel advice. As a corporate action/ cquisition plan is starting a new plan. Plan counsel is advising that the terminated plan needs to be amended. Does the terminated plan needs to be amended? When a plan terminates we don't ask for an amendment since the letter of Direction Document and the Board of directors resolution captures the requirement of the
plan sponsor's intent to terminate the Plan and this ideally suffices the requirement to terminate the plan. However since here the counsel has the plan sponsor to do an amendment what kind of amendment will be required?"
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bzorc created a topic in Form 5500
"I have previously prepared a Form 5500 for a Master Trust, which held assets for two plans of a plan sponsor. As of the end of 2021, the Master Trust no longer exists, as one plan merged into the other and the master trust was no longer necessary. In preparing the Schedule D, Page 3, would you list the two plans that were in the Master Trust during 2021, or would you leave it blank, since there's no Master Trust at the end of
the year? Thanks for any replies."
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RaiCMC created a topic in Retirement Plans in General
"The owner would like us to take the Cycle 3 restatement fee from the plan. The plan document allows us to take this type of fee from the plan. However she (the owner) has indicated that she wants the whole fee to come out of her account only and not across the board from the participants accounts. Is this permissible, can we take the fee from her account only? The document doesn't address this unfortunately."
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Here are the most recently posted jobs on EmployeeBenefitsJobs.com, a service of BenefitsLink:
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Newport
Remote / AZ / CA / CO / FL / GA / IA / IL / KS / MA / MD / MI / MN / MO / NC / NJ / NY / OH / SC / TX / VA / WI
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Newport
Remote / AZ / CA / CO / FL / GA / IA / IL / KS / MA / MD / MI / MN / MO / NC / NJ / NY / OH / SC / TX / VA / WI
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Heritage Pension Advisors, Inc.
Remote / Commack NY
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Troutman Pepper
Atlanta GA
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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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