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Message Boards Digest

July 11, 2023

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

Basically created a topic in Retirement Plans in General

Helping Client Choose ERISA Bond Coverage

"This new client came to me and needs to update their ERISA bond coverage. The plan had $800K in 2022... probably less now due to the investment performance. I've attached a copy of the screenshot he sent to me. What do people recommend? Just a stand alone bond or a bond + Fiduciary Liability? or maybe a bond + Fiduciary Liability + Cyber liability. As you can see each option that he was given includes all 3 options."

4 replies so far   |    Click Here to Add a Reply
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CTCKOH created a topic in Retirement Plans in General

Correction on Missed Deferrals

"Hello, We have been working to make corrections on missed deferrals from 2018 through 2022; this includes on the employee and employer side. Is there a general rule or guideline to make these corrections? We've been receiving information in pieces and it seems that every time we have it complete, something else comes up and we need to start over. We were instructed to look at each paycheck and determine the missed deferrals but it seems there's so many other contingencies, that we feel it would be easier to calculate on an overall basis. Has anyone had experience with this situation or can provide any better help?"

No replies yet   |    Click Here to Add a Reply

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