(b)lines Ask the Experts – New Form 5500 SSA Schedule
June 7, 2011 (PLANSPONSOR (b)lines) – “I read in a recent Ask the Experts Column on small/frozen Plan 5500 filings that there is a new Form 8955-SSA IRS...
Ask the Experts
(b)lines Ask the Experts – Testing the Limits
May 31, 2011 (PLANSPONSOR (b)lines) – “We sponsor an elective deferral 403(b) plan that is subject to ERISA. There are no employer contributions. I read in a prior...
(b)lines Ask the Experts – Separate Plans for Employee and Employer Contributions
May 24, 2011 (PLANSPONSOR (b)lines) – “Can a 501(c)(3) entity sponsor a non-ERISA 403(b) for deferral contributions and a SEP-IRA for employer contributions?”
(b)lines Ask the Experts – Frozen Plan Now Small Plan for Audit Purposes
May 17, 2011 (PLANSPONSOR (b)lines) – “We have a 403b ERISA plan that filed a 5500 with an audit in 2009. On 09/01/09 we froze the plan. As...
(b)lines Ask the Experts – Responsibility for Updating Plan to Comply with Regs
May 10, 2011 (PLANSPONSOR (b)lines) – “Our museum has a 403(b) plan with only one provider that provides investment vehicles and also serves as the third party administrator. We...
(b)lines Ask the Experts – Tax on Distributions to a Beneficiary
May 3, 2011 (PLANSPONSOR (b)lines) – “An employee participating in a 403(b) plan died and now his widow, who is 58, has been told she must pay a...
(b)lines Ask the Experts – Ensuring Compliant Transactions in Multi-Vendor Plans
April 26, 2011 (PLANSPONSOR (b)lines) – “I am a 403(b) plan sponsor with multiple vendors, and I have heard from law firms, consulting firms, providers and others that...
(b)lines Ask the Experts – Restrictions on Hardship Withdrawals
April 19, 2011 (PLANSPONSOR (b)lines) – “We are establishing a new 403(b) plan with a mutual fund provider and wanted to be able to permit hardship distributions on...
(b)lines Ask the Experts – Correcting Excess Deferrals
April 12, 2011 (PLANSPONSOR (b)lines) – “I recently discovered that one of our 403(b) plan participants deferred in excess of the 402(g) limit ($16,500) in 2010, and does...
(b)lines Ask the Experts – Improving the Plan Audit Experience
March 29, 2011 (PLANSPONSOR (b)lines) – “We are a large ERISA 403(b) plan sponsor and our experience with our very first 5500 plan audit for the 2009 play...
(b)lines Ask the Experts – An Employee Wants to Defer 100%
March 22, 2011 (PLANSPONSOR (b)lines) – “Can a per diem employee who works nominal hours and receives only a few hundred dollars in gross compensation per pay period...
(b)lines Ask the Experts – Why 403(b)s Are Slower to Adopt Auto Enroll
March 15, 2011 (PLANSPONSOR (b)lines) – Do the Experts have any insight as to why adoption of automatic enrollment in 403(b) plans lags behind that of 401(k)s?
(b)lines Ask the Experts – IRS Audits of Prior Plan Years
March 8, 2011 (PLANSPONSOR (b)lines) – A plan adviser says, “Recently, one of the 403(b) plans I advise received a letter from the IRS indicating the plan is...
(b)lines Ask the Experts – Non-Discrimination Rules for Non-QCCOs
March 1, 2011 (PLANSPONSOR (b)lines) – A 501(c)(3) religious organization maintains a 403(b) plan with an employer matching contribution feature.
(b)lines Ask the Experts – Growing over 100 Participants
February 22, 2011 (PLANSPONSOR (b)lines) – A tax-exempt organization in 2010 grew to have 110 participants (including both active and terminated) in its 403(b) plan, while prior to...
(b)lines Ask the Experts – Tips on Discrimination Testing
February 15, 2011 (PLANSPONSOR (b)lines) – A (b)lines reader writes: “Our 403b plan has just failed the annual ACP discrimination testing.
(b)lines Ask the Experts – When a Deferral is not “Elective”
February 8, 2011 (PLANSPONSOR (b)lines) – “I was told that the “mandatory” salary reduction contribution provided for in my employer’s 403(b) plan does NOT count against the 402(g)...
(b)lines Ask the Experts – Where is the Prototype Program?
February 1, 2011 (PLANSPONSOR (b)lines) – “What happened to the 403(b) prototype program we were expecting last year?”
(b)lines Ask the Experts – Eligibility for Roth Conversion
January 25, 2011 (PLANSPONSOR (b)lines) – “I am a senior executive at a nonprofit and was excited to hear about the new rules that would permit me to...
(b)lines Ask the Experts – A 54-Year-OId Avoids the Early Withdrawal Penalty
January 18, 2011 (PLANSPONSOR (b)lines) – “I have a bet with a colleague that I will buy her a fancy lunch if it is possible for an individual...