Get the Message Boards Digest by Email
BenefitsLink.com logo   

BenefitsLink® Message Boards Digest

December 11, 2024

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

Plan Doc created a topic in Church Plans

Church NQDC Plan Top-Hat Exempt?

"Can a church offer a nonqualified deferred compensation plan, subject to Code Section 409A, to all employees or must participation be limited to a top-hat group?"
No replies yet   |    Click Here to Add a Reply
[Sponsored]

Need ASPPA or NIPA CE Credits by December 31st?

Sponsored by ASC
Get your CE Credits now from ERISA expert John Griffin J.D., LL.M. Current Events, Fundamentals Series, Long-term Part-time Employees – Where do We Stand? Access the full ASC Recorded CE Webcast Library here.

AbsolutelyOkayPossibly created a topic in Retirement Plans in General

Commercially Unreasonable Interest Rate and Participant Loans

"If a loan is issued with a commercially unreasonable rate of interest. How is this a violation of IRC 72(p) that would provide for the authority to deem the loan? If your answer is it results in a violation of substantially level amortization, please provide your reasoning."

5 replies so far   |    Click Here to Add a Reply

Brenda Wren created a topic in 401(k) Plans

First Year of Roth

"Can anyone explain why IRA custodians request the 'first year of Roth' when a Roth 401(k) is rolled over to a Roth IRA? The 5-year clock starts over when Roth funds are rolled over from a 401(k) to a Roth IRA. Besides the fact that I also don't understand WHY the clock starts over, why is this data collected?"

1 reply so far   |    Click Here to Add a Reply

Judy Stewart created a topic in Qualified Domestic Relations Orders (QDROs)

QDRO for Alimony QDRO

"How can I use a QDRO to receive Alimony arrears, and if my ex-spouse retirement plan does not have a high enough account balance, what are some other immediate ways I can receive payment for my Alimony Arrears? Also, as I mentioned I have arrears, but based on my court order, Alimony ended June of 2011. I know it is not possible to file for an extension of alimony once the term is over of alimony payments, but my question is: would I eligible to file for an extension of alimony because there are Arrears to be paid, and thus my Alimony term is still considered "Active." Please note that a Judge issued a new order in October reaffirming my rights for alimony and ordered that "all terms and provisions of Judgement of Absolute Divorce are in Full Force and Effect.""
No replies yet   |    Click Here to Add a Reply

Belgarath created a topic in Plan Terminations

Plan termination (DC - 401(k) plan

"So, employer does binding resolution to terminate plan as of (x) date, no new contributions, etc., etc. Notification to employees is sent, specifying that date as the effective date of the plan termination. However, PLAN was not amended to terminate by that (x) date. Arguably, the resolution can suffice, at least temporarily, to legitimately establish plan termination date, and plan can subsequently be formally amended to terminate, update for SECURE, etc.? Or is that a hard no? We always do plan amendment by the day before the formal termination date, but I believe that facts and circumstances can allow otherwise if the resolution, notification to employees, etc., are sufficiently detailed."

4 replies so far   |    Click Here to Add a Reply

Here are the most recently posted jobs on EmployeeBenefitsJobs.com,® a service of BenefitsLink®

View job as DB/Cash Balance Plans Analyst

DB/Cash Balance Plans Analyst  View details

TPA
Remote

View job as Client Relationship Manager

Client Relationship Manager  View details

Nova 401(k) Associates
Remote

View job as Client Relationship Manager for Nova 401(k) Associates
►View More Jobs

►Post a Job

►Get Instant Job Alerts

BenefitsLink.com, Inc.
(407) 644-4146

Lois Baker, J.D., President
David Rhett Baker, J.D., Editor and Publisher

Copyright 2024 BenefitsLink.com, Inc. All materials contained in this mailing are protected by United States copyright law and may not be reproduced, distributed, transmitted, displayed, published or broadcast without the prior written permission of BenefitsLink.com, Inc., or in the case of third party materials, the owner of those materials. You may not alter or remove any trademark, copyright or other notices from copies of the content.

Links to web sites other than BenefitsLink.com and EmployeeBenefitsJobs.com are offered as a service to our readers. We were not involved in the production of such links and are not responsible for their content.

Unsubscribe | Privacy Policy