Q&A

Should We Suspend Employee Deferrals After a Hardship Withdrawal Going Forward?

• Post author:Mizan J. Rahman
• Post published:March 9, 2020
• Post category:401(k) / 403(b) / Distributions / Q&A

The 401(k) and 403(b) experts at NESA Plan Consultants regularly receive questions from plan sponsors, financial advisors, CPAs, and other…

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Roth IRA vs. Roth 401(k): What is the difference?

• Post author:Mizan J. Rahman
• Post published:October 4, 2019
• Post category:401(k) / 403(b) / Q&A / Roth

The 401k and 403(b) experts at Nesa Plan Consultants regularly receive questions from plan sponsors, financial advisors, CPAs, and other…

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Will our 401(k) plan be required to perform CPA audit if we have more than 100 employees?

• Post author:Mizan J. Rahman
• Post published:July 2, 2019
• Post category:401(k) / 403(b) / Q&A

Background We are a growing business in Los Angeles with 90 employees, most of whom are 401k-eligible. Previously I worked…

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Should 401(k) contributions be deducted from a departing employee’s accrued PTO and vacation payout?

• Post author:Mizan J. Rahman
• Post published:June 9, 2019
• Post category:401(k) / 403(b) / Plan Compensation / Q&A

Background We offer a lucrative 401(k) plan to our employees. Recently one of our employees, who was actively deferring into…

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If we rehire employees, are they eligible immediately for the plan, or do they have to meet the eligibility conditions again?

• Post author:Mizan J. Rahman
• Post published:June 5, 2019
• Post category:401(k) / 403(b) / Plan Eligibility / Q&A / Rehires

Background We are a large 401(k) plan sponsor with over 1,000 participants in our plan. With the size of our…

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Are we required to suspend employee contributions after a hardship withdrawal?

• Post author:Mizan J. Rahman
• Post published:June 3, 2019
• Post category:401(k) / 403(b) / Q&A

Background We are a 501(c)(3) nonprofit organization and sponsor a 403(b) plan. One of our employees just took a hardship…

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