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Maybe I'm reading too much into the original post, but I don't read it as saying they are providing the flat $1,000 pay credit only to a select group of lower paid employees. If all of the rank and file who have met the age and service requirements and reached the entry date are receiving the $1,000 credit, that isn't the situation discussed in the Gold memo. Regardless of whether you think the memo has any merit, it shouldn't affect the discussion if the memo doesn't apply to the situation under discussion. From the memo: If the plan excludes most of the NHCEs except those with low comp or short service, then it's time to discuss whether the memo has any authority and whether it applies.

Some trust institutions insist on at least nominal assets to be held in the trust before they consider the trust to be effective, but for tax purposes, having the documents properly adopted and executed by the end of the year should satisfy the IRS that the plan is effective for the year and post-year-end funding will relate to the year.

You need to have a plan document and a trust agreement signed and dated before the end of 2014. No need to deposit any money before the end of the year.