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Message Boards Digest

October 26, 2022

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

krw created a topic in 401(k) Plans

EPCRS De Minimis Amount - Excess Contribution

"Client allocated a match contribution to a participant is excess of the match formula. The excess match amount is less than $250 and does not cause the participant to exceed a statutory limit. If the plan chooses not to forfeit the excess match contribution, does the excess match have to be included in the ACP test? EPCRS makes it clear that if the excess contribution is forfeited it is not included in ACP testing. However, does the free pass not to forfeit de minimis amount, give a free pass not to test de minimis amounts?"

1 reply so far   |    Click Here to Add a Reply

Molgilny89 created a topic in Retirement Plans in General

PEP Participant Fees

"A recordkeeper is basing their fee to service a PEP based on the merits of each individual adopting employer. In other words, the fees for each adopting employer within a given PEP will be different and determined based on their respective total assets (the greater the assets, the lesser the fee). This will inevitably create a situation where the PEP participants will be paying different fees from one another. Could this create a prohibited transaction or otherwise violate ERISA?"

1 reply so far   |    Click Here to Add a Reply

Santo Gold created a topic in 403(b) Plans, Accounts or Annuities

403(b) Auto Enroll Formula

"Can a plan sponsor with a 403b have an automatic enrollment feature where the match is 50% up to 10% of pay, all 100% vested? What limitation would there need to be as far as the initial defaulted employee contribution? Thank you"

1 reply so far   |    Click Here to Add a Reply

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Phoenix AZ

View job as Retirement Analyst / Senior Retirement Analyst, Grade N23 / N26

Retirement Analyst / Senior Retirement Analyst, Grade N23 / N26  View details

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