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Here are the most recently added topics on the BenefitsLink Message Boards:
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Jakyasar created a topic in Retirement Plans in General
"Hi DC plan terminating and will do distributions in 2022. Pooled account. Owner has been taking RMD's for sometime. There are a few other participants. I am thinking of allocating the RMD based on the distribution amount for 2022 e.g. if the total distribution is 100k, take 10k RMD (assume correct amount) and rollover 90k Is this ok or I have to provide RMD first to the owner based on prior year balance and then allocate the
distribution based on the balance?"
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Arnie401k created a topic in 401(k) Plans
"Hello! I was hoping someone could help clear up some deadline confusion for new plans. I'm not clear on what the final deadlines are for establishing a new plan (both Traditional and Safe Harbor) for this year. Is it October 1st? If its auto enrollment does that mean September 1st? But if there's not auto enrollment provision then its extended to October 1st? I saw some mention that you can start a plan as late as December
31st, but is that only for plans starting next year? Any clarity would be massively helpful! Thank you!!"
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Bird created a topic in Correction of Plan Defects
"We were brought in to look at a SEP for a company in a controlled group because they didn't cover (2) employees in another company. (Not only that but they didn't include a partner in the sponsoring company.) One employee was excluded for two years and one for one year, and the partner for three. My reading of EPCRS is that this is a significant failure and not eligible for SCP; must go through VCP. Is that correct? Any
experience with fixes for this other than giving the employees the same percentage as the partner who got the contributions?"
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Here are the most recently posted jobs on EmployeeBenefitsJobs.com, a service of BenefitsLink:
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North Atlantic States Carpenters Benefit Funds
Wilmington MA
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Primark Benefits
Remote / San Mateo CA
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Vestwell
Remote / New York NY
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FranFund
Fort Worth TX
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