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May 22, 2024

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

snit john created a topic in Cafeteria Plans

Software for Administration of FSA Plans

"I am an insurance broker looking for software to manage FSA Plans. I am currently reviewing WEX and Alegeus, and I would like to hear thoughts from anyone with experience using this software, including their pros and cons. Alternatively, I am open to recommendations for other software to use. Any help would be greatly appreciated."

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alwaysaquestion created a topic in 401(k) Plans

Cross Tested 3% Safe Harbor Plan with Last Day Rule

"I have a plan that is a 3% safe harbor and a cross tested profit sharing (each person is in their own group). There is a last day and 1000 hours requirement for the profit-sharing allocation. This is a 12/31/2023 plan year end. Can I do an amendment in 2024 to take out the last day and 1,000 hours requirement for the 12/31/2023 plan year by the end of 12/31/2024?"

1 reply so far   |    Click Here to Add a Reply

Eric Hanford created a topic in Qualified Domestic Relations Orders (QDROs)

Marital Property Rights Under QDRO

"What is the IRS Code that states QDRO's can be used for Alimony, Child Support or Marital Property in general?"

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Eric Hanford created a topic in Qualified Domestic Relations Orders (QDROs)

A Party Refuses to Sign a Retirement Benefits Order

"If one party refuses to sign a Domestic Relations Order, should you put 'Declined to Sign' on the dotted line where the party would be required to sign. Also, I know Clerks of a Court can issue Subpoenas. Can a Clerk of Court also sign off on a Domestic Relations Order pursuant to a Judgement of Absolute Divorce or does a Judge have to sign off. This is in relations to an Order in Maryland."

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Eric Hanford created a topic in Qualified Domestic Relations Orders (QDROs)

Marriage Dates on QDRO

"If the wrong Date of Marriage is filed under the Court when the Parties Divorced and you are now working on a QDRO, should you use the actual dates of marriage (includes common law) or use the incorrect dates of marriage that the court has?"

5 replies so far   |    Click Here to Add a Reply

Belgarath created a topic in Retirement Plans in General

Legal Opinions

"This is in fact a purely academic question for the attorneys out there ... Suppose a client comes to you for a legal opinion ... Further suppose that in your best judgment, it is a coin flip -- 50/50 either way. Do you say that you can't give an opinion? Or do you present both sides, with the potential advantages/disadvantages/consequences for either choice? Or is the answer to this question purely facts and circumstances, so there's no 'general' method?"

1 reply so far   |    Click Here to Add a Reply

AllThingsForGood created a topic in Operating a TPA or Consulting Firm

Combining 2 Small TPA Firms

"I need advice on merging with another small TPA firm. These may be very obvious questions to some, but I am completely uneducated about M & As, so any insight is appreciated. -- Does each firm owner own the new company pro-rata based on respective revenue coming in to the merger? -- Is a parent company formed to collect revenue and pay common expenses? Would the subs contribute to parent.... how? Pro-rata based on revenue? -- If owners' roles change (for instance, original firm #1 owner assumes the role of new-business-acquisition, and orig firm #2 owner becomes Dir of Operations), how do you determine pay structure? Base comp for each, I'm assuming, then commission on new business obtained? How does the Dir of Op earn bonus/commissions?"

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