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February 7, 2024

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

austin3515 created a topic in 401(k) Plans

RMD Penalty Abatement

"Does anyone know how to request that the IRS abate the now 10% penalty tax on a missed RMD for 2023? I know no one knows if they will abate now that they have reduced it but I still think that the same logic of 'don't stick it to an octogenarian living off of social security for a silly mistake' should still rule the day.... Regardless I'm going to give it a shot but curious if anyone knows how it is done!"

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mcronin13 created a topic in Defined Benefit Plans, Including Cash Balance

Third Party Defined Benefit Administration & Actuarial Platform Leasing Options

"Does anyone know of any companies/sole proprietors who offer defined benefit administration & actuarial software/platforms for lease or purchase? This would be on a smaller scale -- plans with less than 3,000 lives typically."

No replies yet   |    Click Here to Add a Reply

justanotheradmin created a topic in Distributions and Loans, Other than QDROs

Perjury Charge for CARES Distribution

"I wasn't aware of this case until just this week. Have other folks been following it? What do people think? Its so rare that I hear about a participant getting in trouble for a bad self-certification, so I find this one interesting! I know that likely if lots of other circumstances weren't also at issue the perjury one case likely wouldn't have been brought, but maybe I'm wrong. I know many of you have interesting insight and opinions so was just curious."

1 reply so far   |    Click Here to Add a Reply

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