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Here are the most recently added topics on the BenefitsLink® Message Boards
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Peter Gulia created a topic in 401(k) Plans
"Of recently enacted early-out distributions limited to an amount (for example, $1,000, $5,000, $10,000, or $22,000), am I right in recalling that an eligible distribution to a victim of domestic abuse is inflation-adjusted (to $10,300) for 2025 but others are not yet adjusted? And is there any early-out distribution limited by a Code-specified amount but with no inflation adjustment?"
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rblum50 created a topic in 401(k) Plans
"I have a client with a 401(k) Plan. A prior plan participant is removing their account balance and is taking the money directly. They will receive 80% of their vested balance with the remaining 20% being transferred to the IRS electronically through the EFTPS program. What is the latest date that the plan can transmit the 20% to the IRS? I would assume that the plan has until the date the plan's annual filings, plus extensions,
are filed. I just want to make sure of this."
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J Simmons created a topic in Retirement Plans in General
"What amendments, if any, in the current remedial amendment period are needed before terminating a plan?"
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SundanceKid created a topic in Health Plans (Including ACA, COBRA, HIPAA)
"Due to an administrative mix-up a client did not file Forms 1095-C for 2023, but their insurer did file 1095-Bs. Client has not received a 5699. Do we just go ahead and file the delinquent 1095-Cs? What to do with the 1095-Bs? Any grace given there?"
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PainPA created a topic in Retirement Plans in General
"Plan Sponsor has a Profit Sharing only plan for 20+ years. Now wants to add a 401k with a Safe Harbor design feature. [1] Does the start of the 401k safe harbor have to be the 1st of the plan year? or can it be any point in the year to start the 401k? [2] Is it mandatory when adding a 401k that that it have an automatic enrollment since it is not a 'New Plan'?"
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Brob69 created a topic in Defined Benefit Plans, Including Cash Balance
"A National TPA firm, which has a lot of turnover, is handling a Combo Plan for a Law Firm handling criminal law. The Law Firm thought they were going to implement a Cash Balance Plan in 2021 (yes, 2021) and apparently the message didn't get across, but they signed paperwork to start it. TPA firm is talking to them about penalties and have sent them an email on this. The plan has never been funded. Can they just pretend that it
never happened? They don't want it opened. What are their options?"
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Jakyasar created a topic in 401(k) Plans
"Client is 75 years old. Because not between ages 60-63, cannot have enhanced catch up, correct?"
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Here are the most recently posted jobs on EmployeeBenefitsJobs.com,® a service of BenefitsLink®
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Lois Baker, J.D., President
David Rhett Baker, J.D., Editor and Publisher
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