Message Boards Digest

October 10, 2022

Here are the most recently added topics on the BenefitsLink Message Boards:

Lou S. created a topic in Defined Benefit Plans, Including Cash Balance

PBGC Majority Owner Waiver with Spousal Consent -- How to Complete Schedule EA-S?

"If a PBGC plan is terminating with a majority owner waiver with spousal consent (assume the waiver and consent meet PBGC conditions) how is Schedule EA-S completed with respect to assets and liabilities? Assume without the a waiver the liabilities are $500K and assets are $400K. COVID killed this business model and it has not recovered and prospects for recovery are grim. Very small Cash Balance Plan."

1 reply so far   |    Click Here to Add a Reply

Pension Rights Center's Celebration of Karen Ferguson

Sponsored by Pension Rights Center
Please join us on October 26 in celebrating the life and legacy of Karen Ferguson - and the vibrant future of the Pension Rights Center. Come share a night of food, fun, friends – music and memories.

Dougsbpc created a topic in Retirement Plans in General

Missed One Non-HCE's Allocation of Employer's Profit Sharing Contribution

"Have a December 31, 2021 cross-tested 10 participant 401(k) plan where they fund a 3% employer safe harbor contribution. The plan sponsor is an S-corporation that went on extension for 2021. In addition, they funded a profit sharing contribution of 2% of salary and there are no conditions on the contribution allocation.

The employer funded the safe harbor and profit sharing contribution to all participants except one of the nonhighly compensated participants who terminated employment during 2021. It's now past September 15 when the mistake was discovered.

I believe they have until December 31, 2022 to fund the 3% employer safe harbor. Could they correct this with an 11g amendment or must they correct through voluntary compliance? Could they correct with self correction?

We know both the SH and PS allocation for this one participant will be deductible for the 2022 year rather than the 2021 year."

2 replies so far   |    Click Here to Add a Reply

cpc0506 created a topic in 401(k) Plans

Wife's Sole Proprietorship Wants to Sign on as Participating Employer in Husband's Sole Proprietorship Plan

"Client A, a sole proprietor, has his own 401k plan. His wife just established her own sole proprietorship. Client A wants to add his wife's company as a Participating Employer to his plan. Would this be considered a Controlled Group with an adopting employer, or a MEP with an adopting employer?"

2 replies so far   |    Click Here to Add a Reply

EyeNoNuffin created a topic in Litigation and Claims

List of ERISA Fee Litigation Cases?

"Can anyone point me to a resource that provides an exhaustive (or close) list of all ERISA fee litigation cases in, say, the past 3 years?"

3 replies so far   |    Click Here to Add a Reply

Here are the most recently posted jobs on, a service of BenefitsLink:

View job as Sr. Retirement Plan Administrator

Sr. Retirement Plan Administrator  View details

Tycor Benefit Administrators, Inc.

View job as Compliance Tester

Compliance Tester  View details

Apex Systems

View job as Staff Accountant- Retirement Plan Services

Staff Accountant- Retirement Plan Services  View details

Yorktown VA / FL / IL / NC / SC / TX

►View More Jobs

►Post a Job

►Get Instant Job Alerts, Inc.
56 Creeksong Road
Whittier NC 28789
(407) 644-4146

Lois Baker, J.D., President
David Rhett Baker, J.D., Editor and Publisher
Holly Horton, Business Manager

Copyright 2022, 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, 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 and are offered as a service to our readers; we were not involved in their production and are not responsible for their content.

Unsubscribe | Privacy Policy