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The point of the 80-120 rule (see link above), is they may file whatever form they filed last year.

Nope. See PBGC Blue Books. Q&As 2000-16 and 2007-05. http://www.pbgc.gov/prac/other-guidance/blue-books.html

And it's not quite that simple, is it? The part of compensation that is not deferred is taxable income. The FICA amount is subject to federal income tax at a rate of 10%, as is the amount paid as income tax, so income tax = 0.1 x (FICA + income tax), or income tax = FICA / 9.0. For compensation of say $1000, FICA is $76.50, and federal income tax is $8.50. So, there's $915.00 left to defer. If there are other deductions, such as, for insurance, state income tax, etc., it's more complicated, and there's less left to defer. Bottom line is that Bill Presson's general rule is a good suggestion, and I'd lean toward 80% or 85%, because 90% may be cutting it very close.

No. When they actually start below 100, and therefore use one of the small forms; they are allowed to remain using that small form until their beginning account actually "EXCEEDS" 120. The 80 is like a "will never happen". If you're above 100 AND using the Schedule H, then you may continue to use the Schedule H in the event your number falls below 100 (like why would you ever want to). However, should it actually reduce below 80, then you must move to the small form and save yourself some audit fees. Good Luck! "Edited to say: Bill does make the correct point that you must actually count the number of participants on January 1, 2015 to see if it exceeds 120."

Couple of things (I'm assuming calendar year): 1. What did they file in 2014? 2. How many participants will the plan have on January 1, 2015? Since it's likely an entry date, you can't just say 102, though it's possible.

Our local A&W (closed about 40 years ago) was run by a dirty old man (or perhaps an astute businessman) who hired only the hottest, sexiest, most beautiful college girls you could find in a day's drive, and had them wear the shortest shorts imaginable. Sort of a Hooter's before its time. Needless to say, it was inundated by a horde of slobbering geeks who spent scads of money just for the eye candy. I expect the dirty old man retired wealthy. It was also actually a good place for drive-in food, and gave you a free root beer if you were in Little League and hit a home run, so it brought in a lot of families as well.

I know on other laws such as FMLA, there is a lookback year and then the new status applies. Not saying this definitely for ERISA though. I do know that at some point if you file 5500's and stop filing without sending in a "final" 5500 or on quarterly 941 FIT/FICA forms to the IRS and you just stop filing that they will eventually come and ask you what happened to the missing ones. So you might try to see if you can mark anything on the last one that shows it is the last (at least for a while). It might save you some later heartache.

As "they" said, "You ain't seen nothing yet." See attached for list I've compiled over the years. (Don't get flustered as some is local stuff that will be meaningless to you.) I won't tell you the year I was born but I will tell you if you reverse the year's digits, you'll have the year I graduated from high school at age 18, and that I was born after 1939 and before 1950. Gone But Not Forgotten.pdf

Two years from now, nobody will be able to make any sense of this joke (assuming that all credit card transactions not performed using a phone app will be made using a chip on the card and not a magnetic strip). Someone should write a book full of funny jokes that only older people will get (things like jokes about LPs and phone booths).