September 2017  
 
Important Deadlines
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Form 5500, Employer Contribution Deposit, ADP/ACP Excess, 402(g) Limit Corrections...   Read More
FAQ's  Paul Erickson & Holly Dayton
 
What is the Top-Heavy Test?

Most qualified retirement plans are required to run nondiscrimination tests on employee coverage and benefits data. Plans that are found to be discriminatory in favor of highly compensated or key employees must take corrective action in order to remain qualified.   Read More

TSC Spotlight   Andrea Gelhar & Becky Fisher

Enhanced Secure File Send

TSC has always been sensitive about handling your retirement plan information. We have a heightened responsibility to ensure confidential information is not compromised. Numerous materials routinely transmitted to TSC include ...  
Tom and Jess
TSC Employee Bios   
    
Meet the newest TSC Team Members


Thomas Bratland

I grew up in Plymouth, Minnesota and have lived in the state my entire life.  I attended the University of Minnesota where I earned a degree in Communications.  While in college I spent a semester abroad studying Spanish in Madrid, Spain, then traveling to Peru for the summer ...

Jess Godfrey

After graduating from Edina High School, Jess got a degree in Finance from Hamline University School of Business while working at a music instrument retailer - first as a salesperson and later as the manager of the print music department ...

What Does This Mean?  - Lisa Melberg & Juhl Stoesz
  
Death Benefits 

When an employee who has an account in an employer-sponsored retirement plan passes away, the distribution options available to the employee's beneficiary generally depend on the identity of the beneficiary and whether the employee had reached the required beginning date for minimum distributions. This article summarizes some of those options.

Of Interest  - Karen Thompson & Mike Gschwind
    
Administrative Policies Not Governed by Plan Document

The plan documents adopted for each retirement plan spell out the rules and guidelines that govern the operation and administration of each retirement plan.  The Plan Administrator has the sole discretion to interpret the provisions of the plan documents and to identify administrative policies to ensure that the plan is operated in a uniform and nondiscriminatory manner.  These internal controls and policies are essential to provide a level of assurance that the plan is operating properly and to ensure consistent procedures...

Featured Client
 
PMH

Founded  in 1989,  PMH  is an independent creative agency and the retail  industry's  best kept creative secret. We're the only creative agency solely focused  on building  retail brands with the game-changing strategic insights and flawless visual  execution that our clients  have come to trust us for...  

 
Brain Teaser

Top-Heavy Test Brainteaser

The Happy Camper Retirement Plan is a calendar-year 401(k) plan that was established in 2014. The data below shows the adjusted account balances as of the top-heavy determination date for the 2017 plan year.

Questions:

1)       What is the plan's top-heavy ratio for 2017?
2)       Will the plan be top-heavy in 2017?

Bonus:

What is the determination date for 2017?

Participant
Key Employee?
Account Balance
Amelia
Yes
$22,500
Branden
Yes
$6,400
Daniel
Yes
$620
Gareth
Yes
$12,250
Cassidy
No
$4,300
Eric
No
$5,600
Felicia
No
$15,000
Hester
No
$4,500
Total
 
$71,170


Email jennifera@tsc401k.com to submit your answer for a chance to win a $25 AMEX gift card!

TSC Translator Contributing Staff Members
Jennifer Arntson-Schwientek
Client Relationship Manager
Karen Thompson
Retirement Plan Administrator Manager
Becky Fisher
Retirement Plan Administrator
 
  Holly Dayton
Plan Document and Compliance Technician
 
Andrea Gelhar
Plan Document and Compliance Specialist
Juhl Stoesz
Vice President of Compliance and General Counsel
Dennis Culhane
Retirement Plan Administrator
Paul Erickson
Retirement Plan Administrator Manager  
Dean Schwientek
Director of IT Operations
 Mike Gschwind
Internal Sales Consultant
  Lisa Melberg
Plan Document and Compliance Specialist  
 
Matt Slyter
Vice President Operations
 

Articles included in the TSC Translator are intended to provide general information about retirement plan developments and issues. The information provided should not be construed as legal or tax advice or opinion. Readers need to discuss specific factual situations confronting them with their retirement plan service providers and/or legal and tax advisors.

This email was sent by: TSC, Inc. 7300 Metro Blvd. Suite 450 Edina, MN 55439 
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