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Fall 2014, Volume 7 / Issue 3
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Form 5500, Employer Contribution Deposit, ADP/ACP Excess, 402(g) Limit Corrections....Read More
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Can I send participant disclosures by e-mail?
The law requires that employers provide written disclosures to participants regarding important information about their retirement plan (e.g. Summary Plan Description, Safe Harbor notice, § 404(a)(5) notices, etc.). These disclosures may be ....Read More
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What is Secure File Send?
New technologies in the digital age have greatly enhanced the ability to quickly and efficiently transmit information from one party to another. With the increased use of this technology comes the heightened responsibility to....Read More
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New IRS Guidance on Accepting Rollover Contributions
Qualified retirement plans can generally accept rollovers that were distributed from other eligible retirement plans such as another 401(k) plan, 403(b) plan, governmental 457(b) plan, or IRA. However, certain distributions such as .... Read More
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What is a Required Minimum Distribution and how does it affect my plan?
Qualified retirement plans are intended to be a savings vehicle for retirement, not an indefinite way to shelter dollars from taxation. To encourage dollars to be ....Read More |
Aaron Solbrack
I spent the first 18 years of my life growing up in the town of Litchfield, Minnesota. After graduating from high school (in 2009), I attended Gustavus Adolphus College and graduated (in 2013) with a Bachelor of Arts degree in ....Read More
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 Brain Teaser
George is a 100% owner of Jetson's Hover Craft Rentals and sponsor's a 401(k) plan. George was born on May 7, 1942. Does he have an RMD due for the 2014 plan year? If so, when is this due?
Click here to submit your answer.
Question from last issue:
James P. "Sulley" Sullivan is a terminated participant in the Monsters Inc, 401(k) Plan with a vested balance of $6,400.00. Monster's HR director, Mike Wazowski, mailed distribution notifications and forms to him 45 days ago. Sulley has not yet returned the completed forms. Can Mike initiate a force-out distribution of the account from Monster's plan?
Answer: No. Sulley's vested balance exceeds $5,000.
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Our company launched in 1968 as one of the first destination counseling centers in the United States. Since then, we have grown into a full-menu mobility company with the ability to provide or source all services related to a successful global mobility program. Over the past four decades we have evolved immensely as an organization, but our purpose and culture have ........ Read More
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