It is clear that once the DOL notifies the plan of intent to assess that DFVCP is no longer possible but the fact sheets do not say having filed the Form 5500 disqualifies the plan. To my mind, the late 5500 that gets filed is still a "delinquently filed" 5500, it's just that it was initially filed before going through the DFVCP.
However, once the Fifth Circuit issues its ruling, the QPA calculation methodology could drastically change and the plans and issuers should be ready for that eventuality." MORE >>
I believe most plans will still allow contributions once the limit has been reached (I've only seen one that stops contributions), but curious to know how matching contributions are handled once the comp limit has been reached. Do plans have an option to match once the 401 (a) (17) limit is reached or must they stop matching?
Once eligible always eligible "rule" - 401 (k) Plans - BenefitsLink ...
First time poster here. I am curious if anyone knows where to find any information about best practices for QDRO procedures related to placing hold on the participant's account. Specifically, how long should a participant's account be frozen once the administrator receives notice that a QDRO is f...
ERISA's anti-alienation protection will not protect benefits once they have been distributed outside of the retirement plan. In contrast to retirement plans, IRAs are maintained by individuals and are not governed or protected by ERISA. SEPs, or Simplified Employee Pensions, are similar to IRAs except they are set up by small employers.
Once the FSA is empty, restart the HSA contributions and I can then contribute up to the annual amount. I'm also seeing conflicting posts that say FSA coverage applies to the whole year regardless of whether it's spent down so disqualifies HSA contributions for the whole year.