(b)lines Ask the Experts – Should You Have a Loan Policy Document?
April 30, 2013 (PLANSPONSOR (b)lines) – “Should our 403(b) plan maintain a Loan Policy Document?”
Ask the Experts
(b)lines Ask the Experts – Failure to Suspend Contributions After Hardship
April 23, 2013 (PLANSPONSOR (b)lines) – “In preparation for our annual 5500 report audit for our Employee Retirement Income Security Act (ERISA) 403(b) plan, we discovered that, due...
(b)lines Ask the Experts – Availability of IRS-Approved Prototype Document
April 16, 2013 (PLANSPONSOR (b)lines) – “I was delighted to hear that the IRS finally released its 403(b) prototype plan guidance! We currently utilize a vendor-provided document; does...
(b)lines Ask the Experts – Plan Determination Letters
April 9, 2013 (PLANSPONSOR (b)lines) – “I recently received notification from a consulting firm that a determination letter would soon be required for 403(b) plans, and that we...
(b)lines Ask the Experts – Eligibility Requirements for Nonelecting Churches
April 2, 2013 (PLANSPONSOR (b)lines) – “I work with a nonelecting (i.e. the entity has NOT elected ERISA coverage) church plan that currently requires employees to complete four...
(b)lines Ask the Experts – Taxation for Roth Account Loans
March 26, 2013 (PLANSPONSOR (b)lines) – “I read with great interest your Q&A regarding the misunderstanding of the "double-taxation" issue regarding 403(b) plan loans. Is the same logic...
(b)lines Ask the Experts – Double-Taxed on Plan Loans?
March 19, 2013 (PLANSPONSOR (b)lines) – “A participant in our 403(b) plan said her adviser informed her she would be “double-taxed” on a plan loan she had taken.
(b)lines Ask the Experts – Different Definitions of Compensation
March 12, 2013 (PLANSPONSOR (b)lines) – “Our 403(b) plan document contains several different definitions of compensation for purposes of determining the amount of the employer discretionary, employer matching...
(b)lines Ask the Experts – Indian Tribal Government Plans and Casino Employees
March 5, 2013 (PLANSPONSOR (b)lines) – “Is it true that an Indian tribal government that operates a casino may not cover its casino employees under its 403(b) plan?”
(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...
(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...