November 2019
2012 Calendar
Important Deadlines

Form 5500, Employer Contribution Deposit, ADP/ACP Excess, 402(g) Limit Corrections...

FAQs - Dennis Culhane & Jennifer Arntson-Schwientek

What are my responsibilities when an employee with a balance in the plan terminates employment?

When an employee with a balance in the retirement plan terminates employment, it is important the participant is supplied with the distribution forms/options necessary for them to take a distribution of their account balance. The Plan Sponsor’s duty with regard to employee will depend upon   ....

TSC Spotlight - Matt Slyter

 Welcome former CBA Clients and Advisors to the Translator
We would like to welcome former CBA clients and advisors to TSC’s periodic newsletter – the Translator. The Translator will come from our newsfromtsc@tsc401k.com email account and is sent out three times a year. Each newsletter contains information regarding compliance and administrative matters, legislation and industry updates, tools and resources available to you, and much more.

TSC Employee Bio

Meet the newest TSC Team Members

Arrica Imm

I was born and raised on a small hobby farm in Blooming Prairie, Minnesota (a small town right in the middle between Mankato and Rochester). A few years ago my family moved North to the Big Lake and Becker area where I went to college nearby at St. Cloud State University majoring in Communication Studies. A recent 2018 graduate, I had found a passion for interpersonal communication and its importance in all areas of life, but especially in the workplace. I was happily surprised at my first job interview with TSC when ...... Read more

Maggie Olson

I was originally born in St. Paul, MN and moved to a small town called Annandale, MN for high school. I attended UW-Stout for my first semester of college, later transferring to St. Cloud State. I finished my degree in Business Management with a concentration in Human Resources in the spring of 2019. Recently, I have moved back from...... Read more
More legislation
Industry/Legislative Updates - Juhl Stoesz & Andrea Gelhar

Retirement Plan Document Timeline Update

Retirement plan documents must continually be updated to reflect the latest laws, regulations, and other guidance from government agencies. Most often these updates are accomplished through interim amendments that supplement and clarify the existing plan document. However, periodically the entire plan document must be rewritten or “restated” to incorporate all of the changes into one document. While it is common to have a required interim amendment nearly every year, plan restatements are typically only required every six years. The following is a   ....

What Does this Mean? - Lisa Melberg & Paul Erickson

 After-tax Contributions, Proceed with Caution!
Are after-tax contributions a way for all plans to exceed the deferral limit?

Not typically. Depending on plan design, after-tax contributions may cause testing failures.

There have been a lot of articles recently speculating that after-tax contributions are a loophole to allow highly compensated employees the ability to exceed the deferral limit. Although this may be an option for certain plan designs, this feature may create additional testing requirements that some plans, i.e. safe harbor plans, may currently enjoy exclusions from....

Of Interest - Paul Erickson & Andrea Gelhar

Employee Notices

Navigating through participant notices and disclosures may seem daunting depending on the requirements associated with the qualified plan’s specific plan features. To assist you, TSC has created the following list describing the most common qualified retirement plan notices and disclosures for plan participants:
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Brainteaser

Which is the best answer?

A 401(k) and profit sharing plan would like to add after-tax contributions. No employer matching contributions are provided. No non-highly compensated employees anticipate making after-tax contributions. Will this pass testing?

A) Yes
B) No
Email  jennifera@tsc401k.com  to submit your answer for a chance to win a $25 AMEX gift card!
TSC Translator Contributing Staff Members

Dennis Culhane - Retirement Plan Administration Consultant
Paul Erickson - Relationship Manager - Retirement Plan Consultant
Becky Fisher - Retirement Plan Administration Consultant
Andrea Gelhar - Retirement Plan Compliance Consultant
Lisa Melberg - Retirement Plan Compliance Consultant
Jennifer Arntson-Schwientek - Rlationship Manager - Retirement Plan Consultant 
Dean Schwientek - Director of IT Operations
Juhl Stoesz - Vice President, Compliance and General Counsel
Matt Slyter - Vice President Operations