|
Here are the most recently added topics on the BenefitsLink Message Boards:
|
Sabrina1 created a topic in Other Kinds of Welfare Benefit Plans
"We offer a top hat medical plan. Can we set up an ICHRA?"
|
[Sponsored]
3 days packed with actionable insights for advisors, recordkeepers and plan providers. Explore latest trends, strategies and ideas to lead through disruption. Join the retirement event with the most senior audience and network with purpose. Register Now.
|
SSRRS created a topic in Form 5500
"We have two separate DB plans that filed Form 5500-EZ for their 2020 calendar year, which were extended due to Ida to January 3 and then further extended to February 15. The plans have received late filer penalty notices of $16,500 and $17,000 respectively. They both filed in mid-December 2021, well before the January 3 extended due date. In addition, on top of each form it was written in bold, 'New York -- Hurricane IDA -- FEMA
IDR 4615.' Has anyone else heard about this?"
|
Nate S created a topic in Distributions and Loans, Other than QDROs
"Seeing as how section 401(a)(31) is a statutory provision, does a plan need a separate document provision electing to be able to use an automatic rollover, or is it available to any plan that claims to be tax-qualified under section 401(a)? The DC LRM from 10/2017 includes a required provision about automatic rollovers, which references the mandatory distribution section, but no adoption agreement provisions are noted as
needing to be included. Also, the mandatory distribution section the LRM says should be included, is not addressed anywhere in the LRM."
|
Kac1214 created a topic in 401(k) Plans
"Is anyone else getting push back from any record keeper regarding e-signed plan documents? Nationwide is telling us that they have to wet signatures and are not accepting our e-signed versions. I know that other RKs send their documents out using e-signing so this has to just be Nationwide."
|
Suellen Howard created a topic in IRAs and Roth IRAs
"How should withholding be reported on a Roth conversion if under 59-1/2? We have 2 opinions. 1. If a conversion occurs for someone under 59-1/2 and there is withholding then report on two 1099-Rs -- one showing the distribution as code 2 and another saying the withholding was distributed to the client as code 1. 2. The conversion both the cash and withholding would fall under the exception to excise tax withholding so
both legs should be reported under a distribution code 2. Which is right?"
|
Belgarath created a topic in 401(k) Plans
"I recall seeing some debate on this in the distant past, but I don't recall any consensus. Say an employer does a corporate resolution to make a discretionary match, or PS, then doesn't make it. Are they now legally required to make it? If not, it shouldn't be a plan qualification issue, just revising valuation(s). (And let's assume there's no employment contract that dictates an employer contribution.)
Many employers never end up doing a resolution. If they never did the resolution, then I presume the "'failure' to make the contribution isn't a problem anyway? There may be a potential bankruptcy looming."
|
Belgarath created a topic in Retirement Plans in General
"For anyone who watched it (good webcast if you didn't) -- at one point my attention got diverted for a couple of minutes by an e-mail popping up. When I dragged my attention back to the webcast, I THOUGHT I heard them say that for a tax-exempt 457(b), a SECURE amendment is due by 12/31/2022. Did I hear that correctly?"
|
Here are the most recently posted jobs on EmployeeBenefitsJobs.com, a service of BenefitsLink:
|
|
Blue Ridge ESOP Associates
Remote
|
|
Strategic Pension Services, LLC
Remote / Albany NY
|
|
Alerus
Remote
|
|
AimPoint Pension
Remote
|
|
|
|
|
Lois Baker, J.D., President
David Rhett Baker, J.D., Editor and Publisher
Holly Horton, Business Manager
Copyright 2022 BenefitsLink.com, Inc. All materials contained in this mailing are protected by United States copyright law and may not be reproduced, distributed, transmitted, displayed, published or broadcast without the prior written permission of BenefitsLink.com, Inc., or in the case of third party materials, the owner of those materials. You may not alter or remove any trademark, copyright or other notices from copies of the content.
Links to web sites other than BenefitsLink.com and EmployeeBenefitsJobs.com are offered as a service to our readers; we were not involved in their production and are not responsible for their content.
|
|