(b)lines Ask the Experts – Document Correction for Plans Under Audit
February 26, 2013 (PLANSPONSOR (b)lines) – “Is the new correction method for a failure to adopt a written 403(b) plan in a timely fashion available if the plan...
Ask the Experts
(b)lines Ask the Experts – Beneficiary Changes at Age 35
February 19, 2013 (PLANSPONSOR (b)lines) – “I am a new administrator for our ERISA 403(b) plan, and when reading the plan document I came across some gobbledygook about...
(b)lines Ask the Experts – How Can We Help You?
February 15, 2013 (PLANSPONSOR.com) - The Experts from our Ask the Experts feature have been answering readers’ questions since March 2008.
(b)lines Ask the Experts – Forfeiting Missing Participant Balances
February 5, 2013 (PLANSPONSOR (b)lines) – “We have had difficulty locating participants in our 403(b)plan who have not kept their addresses up to date with us.
(b)lines Ask the Experts – Fee Disclosure Deadlines in 2013
January 29, 2013 (PLANSPONSOR (b)lines) – “I work for a 403(b) plan sponsor who is attempting to piece together a calendar of critical due dates for 2013.
(b)lines Ask the Experts – Monitoring Deferral and Catch-Up Limits
January 22, 2013 (PLANSPONSOR (b)lines) – “In 2013, I am aware that the elective deferral limits to a 403(b) plan under IRC Section 402(g) are $17,500 for pre-tax...
(b)lines Ask the Experts – Correcting Excess 2012 Deferrals
January 15, 2013 (PLANSPONSOR (b)lines) – “We discovered today that we have a participant in one of our retirement plans who deferred in excess of the $17,000 elective...
(b)lines Ask the Experts – Taxation for Beneficiaries Younger than 59½
January 8, 2013 (PLANSPONSOR (b)lines) – “A participant in our retirement plan recently died and she was not married, so her daughter was the beneficiary. The daughter is...
(b)lines Ask the Experts – “Gifts” for 403(b) Sponsors
December 18, 2012 (PLANSPONSOR (b)lines) – “Since I think I've been a good little plan sponsor this year, what should I expect as “gifts” from Santa?"
(b)lines Ask the Experts – Still No Prototype Program
December 11, 2012 (PLANSPONSOR (b)lines) – “Another year has come and gone, and it appears that we will still be without a 403(b) prototype program. Any guess as...
(b)lines Ask the Experts – ERISA Plan Effect on Non-ERISA Plan Status
December 4, 2012 (PLANSPONSOR (b)lines) – “We are a 501(c)(3) private nonprofit who, up until this point, have operated an elective deferral-only plan that satisfied the ERISA exemption...
(b)lines Ask the Experts – Does This Church Have a Plan?
November 27, 2012 (PLANSPONSOR (b)lines) – “A ‘steeple church’ group (a Diocese of a large denomination) allows employees at all their locations (parishes, schools, etc.) to choose whomever...
(b)lines Ask the Experts – Replacing a non-ERISA with an ERISA Plan
November 20, 2012 (PLANSPONSOR (b)lines) – “I work with a plan sponsor who terminated a non-ERISA 403(b) plan a few years ago. They wish to establish a new...
(b)lines Ask the Experts – Disasters and Hardship Withdrawal Requests
November 13, 2012 (PLANSPONSOR (b)lines) – “Our firm employs several individuals whose homes were damaged or destroyed by Hurricane Sandy, some of whom have now requested hardship distributions...
(b)lines Ask the Experts – SMM Required After Plan Change?
October 30, 2012 (PLANSPONSOR (b)lines) – “We recently had an amendment to our ERISA 403(b) plan consolidating our number of recordkeepers from two vendors to one.
(b)lines Ask the Experts – Who Gets a Summary Annual Report?
October 23, 2012 (PLANSPONSOR (b)lines) – “We have several employees here who do not elect to participate in our retirement plan even though they are eligible. Since our...
(b)lines Ask the Experts – Rollovers Versus Transfers
October 16, 2012 (PLANSPONSOR (b)lines) – “A lot of our 403(b) plan participants have been confusing rollovers with transfers of late, and vice versa. Can the experts provide...
(b)lines Ask the Experts – Match Maximization Problem
October 9, 2012 (PLANSPONSOR (b)lines) – “Our firm sponsors a 403(b) plan where we match 100% of employee elective deferrals, up to 5% of compensation.
(b)lines Ask the Experts – Can Independent Contractors Participate?
September 25, 2012 (PLANSPONSOR (b)lines) – “Can an independent contractor participate in a 403(b) plan sponsored by a tax-exempt 501(c)(3) organization?”
(b)lines Ask the Experts – Paycheck Difference from Roth Deferrals
September 18, 2012 (PLANSPONSOR (b)lines) – “We are a 403(b) plan sponsor that recently added the option to make Roth deferrals.