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Showing content with the highest reputation on 03/03/2015 in all forums
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QSLOB - 50 Employee in Line of Business Rule
Bill Presson reacted to TPAMan for a topic
I have always understund the regs to say each business that you choose to treat separately would need to have a minimum of 50 employees. The business with fewer than 50 employees would need to be agregated with the larger busineess as it does not stand alone as a SLOB,1 point -
Since there is no requirement that a qualified plan must accept rollovers into the plan, the plan has discretion as to whether it will accept rollovers and from which class of persons. A plan is not required to accept a rollover from a former employee who has not taken a distribution of the benefits from the plan or from that employee's beneficiary.1 point
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Why would a trustee want to be responsible for the assets of non/former employees? (Seems to me like somebody wants/needs more assets in the plan)1 point
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