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August 15, 2024

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

thepensionmaven created a topic in 401(k) Plans

ADP/ACP Corrections

"We recently took over a non-safe harbor 401(k). Both ADP and ACP tests for the last several years have failed. Is there a specific time frame to correct?"

1 reply so far   |    Click Here to Add a Reply

ACK created a topic in 401(k) Plans

Employer Contributions as Roth

"If a plan already allows in-plan Roth rollovers from all sources, what would be the benefit (or downside) of adding the new Secure Act option to allow Employer contributions as Roth? It seems like the outcome in either case is exactly the same. Am I missing something?"

2 replies so far   |    Click Here to Add a Reply

Jakyasar created a topic in Retirement Plans in General

Increasing the 5K Threshold to 7K for Immediate Distribution

"A terminated DB plan participant has 6K coming to him. Current plan states 5k for immediate pay out. Under the law, one can increase the limit to 7K without an amendment so if this is true, can pay the participant without the spousal consent. This would be done after the participant terminated. What am I missing here?"

3 replies so far   |    Click Here to Add a Reply
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