July Business Services
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Pollard & Associates
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Great Lakes Pension Associates, Inc.
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Defined Contribution Account Manager Nova 401(k) Associates
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Fringe Benefit Group
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New York City District Council of Carpenters Benefit Funds
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Regional Sales Director (West) July Business Services
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Retirement Planners and Administrators (RPA)
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Greenline Wealth Management
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July Business Services
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Defined Contributions Compliance Consultant Loren D. Stark Company (LDSCO)
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Retirement Solutions Specialists
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TPA Retirement Plan Consultant EPIC RPS (TPA/DPS)
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Senior Specialist 401k Recordkeeping T Bank N.A.
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Employer Contribution Mistakenly Made for Two Terminated Employees
BenefitsLink Message Boards Feb. 11, 2021 "403(b)(9) Non-electing Multiple-Employer Church Plan. A church mistakenly sent employer contributions to the plan for two terminated employees. The church did not intend to provide post-employment contributions and is asking that the funds be returned. Generally, when the plan receives an employer contribution that is in amount higher than intended, it applies it to another employees(s) of the employer for a future contribution, but these were the church's only two employees in the plan. The church intends to hire someone, but timing is uncertain. Can the funds be returned to the employer, or must they stay in the plan for a future contribution since the church intends to stay in the plan?" |
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