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September 2, 2024

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

penpen created a topic in Qualified Domestic Relations Orders (QDROs)

QDRO Was Kicked Back Twice, Not Finalized When Participant Terminated

"I recieved half of my exes retirement. The QDRO has been sent back twice. In the mean time ex was terminated from job. The agreement to give half was awarded in the final decree. Would plan give him all of retirement because he was fired before the plan approved the QDRO?"

5 replies so far   |    Click Here to Add a Reply

Santo Gold created a topic in Retirement Plans in General

Exemption from Auto Enroll in Non-Profit 401(k) Plan

"We have a non-profit church that wants to start a 401k plan. They will have more than 10 employees. Are they required to have auto enrollment starting in 2025? There is an exception for 'church' plans. This is a plan with a church as the plan sponsor. I do not think that these carry the same meaning and that this 401k plan will need to offer auto enrollment."

1 reply so far   |    Click Here to Add a Reply

truphao created a topic in Retirement Plans in General

Must Beneficiary Designation Form Be Notarized?

"Is the Beneficiary desigantion form required to be notarized if the beneficiary is a spouse? Is it even needed for all practical purposes? Our plan docs name spouse as a default beneficiary in the pecking order."

2 replies so far   |    Click Here to Add a Reply

Jakyasar created a topic in Retirement Plans in General

Ownership in Multiple Partnership and Offset for Losses

"HJoe owns ABC LLP 50/50 with his son -- no other employees. K-1 income was $250,000 for each partner. Joe owns 3 other partnerships, 50% each and other 50% is unrelated. 2 partnerships had $50,000 k-1 losses each for Joe and 1 partnership has $25,000 of k-1 income for Joe. If want to set up a DB plan for ABC LLP, what is the K-1 I can use?"

No replies yet   |    Click Here to Add a Reply
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