Message Boards Digest

April 21, 2023

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

Jakyasar created a topic in Defined Benefit Plans, Including Cash Balance

Do I Need to Restate?

"I am sure this will be a hot topic to discuss in the future. Plan DOT 12/31/2022 Restatement period started 4/1/2023 Possible asset distribution 6/1/2023. Do I need to restate?"

4 replies so far   |    Click Here to Add a Reply

Pensions2020 created a topic in 401(k) Plans

Audited Plan Last Year (2021) But Under 120 Balances. Is One Required This Year?

"Had a Plan with 350 participants but only 101 with balances. Under the new Form 5500 audit rules, is one required? I know that it is clear that any Plan that hasn't met the 120 limit won't need one but wasn't sure if one had already been having the annual audit if it could discontinue."

4 replies so far   |    Click Here to Add a Reply

RayJJohnsonJr created a topic in Retirement Plans in General

Plan Administrator Sent Me My First Annual 409A Plan Distribution a Year Too Early

"I am a participant in a 409 A Plan and the plan administrator, Principal, sent me my first annual distribution last year, 2022, when I turned age 65. This year, 2023, they realized they they made a mistake and my first distribution was not to be until my age 66. I didn't know they had made a mistake until they called me and told me, and asked me to send the money back. Then they sent me a registered letter saying my 2022 distribution was premature and and I therefore owe the 20% penalty plus interest on the penalty, but they would pay those costs for me.... Shouldn't they fix their mistake? All I can find in my research is the possibility they could have filed a corrected 1099R."

No replies yet   |    Click Here to Add a Reply

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

View job as Retirement Plan Administrator

Retirement Plan Administrator  View details

Jordan & Associates Retirement Services
Remote / Santa Rosa CA

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Retirement Plan Assistant Administrator  View details

Gateway Pension Services, Ltd.
Saint Louis MO / Hybrid

View job as Retirement Plan Consultant (Advisor)

Retirement Plan Consultant (Advisor)  View details

Keating, Inc.
Wichita KS

View job as 401(k) Compliance Associate

401(k) Compliance Associate  View details

Arlington Heights IL / NY / Hybrid

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