Here are the most recently added topics on the BenefitsLink Message Boards:
kmhaab created a topic in 457 Plans
Consolidation of 457(b) Vendors: Restrictions? Notices Required?
Plan sponsor wants to reduce number of active investment vendors under the 457(b) plan from 5 to 3. They will close the 2 discontinued investment vehicles to new contributions, but will allow participants to keep their current balances in those investment vehicles (for now). Going forward, new contributions may only be made to the 3 remaining vendors. I can't find anything under federal, state or relevant local law that governs these changes or addresses any participant notice or timing requirements). Other than any potential collective bargaining agreements, am I missing anything? Is there a required notice period?
Chaz created a topic in Health Plans (Including ACA, COBRA, HIPAA)
Late Filing of Forms 1094-C and 1095-C
Does anyone have any thoughts on what the likelihood is that the IRS will assess penalties under Code Section 6721 on a hypothetical ALE that failed (for no reason other than a lack of knowledge of the requirement) to timely file with the IRS Forms 1094-B and/or 1095-C for 2016?
AJC created a topic in 401(k) Plans
RMD Based on Value of Life Insurance in 401(k) Plan
When calculating the Age 70?1/25 Required Minimum Distribution on a participant account holding a life insurance policy, regarding the life insurance policy, does the RMD calculation include the value of the death benefit, does it use the cash value for the calculation, or does it include both?
dmb created a topic in Cross-Tested Plans
Excluding Union Employees from Testing if Benefiting Under Different Formula
I'm looking at a plan with pro-rata allocation. Plan includes both union and non-union employees. Employer is considering giving different allocations to union and non-union. If union employees are eligible for plan and allocation, can they still be excluded from 410(b) and 401(a)(4) as statutory exclusions?
ESOP Guy created a topic in Retirement Plans in General
SARs and SPDs Required in Spanish?
I am being asked if there is a legal requirement to produce notices in Spanish or other languages for people whose primary language isn't English. Mind you the client agrees it is a good idea and is trying to get translations done. They just want to know if there is a requirement and if so which notices.
Cynchbeast created a topic in Retirement Plans in General
Form 5500 Now Requires MyPAA Confirmation Number for PBGC-Covered Plans
5500s now ask for a MyPAA confirmation number for plans covered by PBGC. What do you do if the plan is covered but you have no confirmation number? What if you check "Not Determined"? What if you force it through EFAST -- will it accept it?
Chippy created a topic in 401(k) Plans
Late Deposits: Self Correction and Form 5330
Employer had two late deposits during 2017. If they correct it on their own, and deposit lost earnings, are they required to file a Form 5330 with the excise tax?
tuni88 created a topic in Defined Benefit Plans, Including Cash Balance
Sunrise, Sunset... Wondering About the Many Pension Relief Rules
When will each of the recent pension relief rules we've been living under (MAP21, HATFA, etc.) expire? Will it be a big deal?
jennintenn created a topic in Plan Document Amendments
Implementation of New Hardship Rules
Is anybody going to apply the new hardship rules January 1, 2019 or are you waiting for IRS guidance? Our relationship managers are pushing to implement January 1 and our document provider (FTW) is not going to update the document until the IRS issues guidance. Fidelity is implementing January [1] What are other document providers like ASC, R.A., etc. doing?