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The Pangburn Group in New Roads, LA.

...... see more updated threads on a page. Followed other tips since the update to get back a reasonable view of new content, then bookmarked it, but it sure spreads out on the page compared to the old view.

No you don't. You or your representatives can offer an alternative calculation.

Seems to be a typical Common Paymaster set up, not a PEO or anything like that. For me, everything is fine.

I hear ya and we will be switching, but keep in mind this wasn't a situation of us selecting the cheapest provider. We're actually paying Paychex a decent chunk of change for our HR services. All the more frustrating

Most documents offer an option to pay by check, as well as by payroll deduction. So for your commissioned salesperson, just allow payment by check.

I reached out to rushlakeguy behind the scenes and got a little information. As we all know, there are at least a million different possibilities until you get the actual numbers and facts. I think that was Mike Preston's point all along. Basically, the Key Employee Balances exceed 60% of plan assets by only $569.10. Without any employee hardships, loan defaults, or ANY types of inservice distributions during the past 5 years that may be worked back in, you have a top heavy plan. BUT.... Let looks at a potential grey area for a moment. We know that for purposes of determining the balances on the determination date, you're not allowed to use discretionary profit sharing contributions deposited in the following year but made 'as of' that date. There is an exception for the first plan year; where potentially the trust balance is zero on that date and the 'accrued contributions' are all you have. We also know that plan subject to the funding requirements of Section 412 (e.g. Money Purchase Plans) would have those required contributions considered as part of the plan's balance on the determination date; even though they will be deposited within 8-1/2 months after that date. But what about the Required Top Heavy Minimum Contribution for the 2015 Plan Year that was actually deposited in 2016. It has the same characteristics of a 412 funding requirement (in that it MUST be made and not subject to the discretion of the employer), but it is not an actual funding requirement under Section 412. It may be an interesting argument presented to the IRS during a hypothetical audit that the $10,000 funded to those non-key employees for the 2015, but deposited in 2016, gets accrued to the balances of the non-key employees since it was required to be made in a manner similar to a 412 funding requirement. What do you think?

Yes the 1099-Rs and other forms are required to be filed. You can file a request for waiver of penalties. I have no idea how successful that will be. I have never tried. Yes, if folks have taxable income they didn't claim they will have to file amended returns for 2015 and penalties and interest will likely apply. I'm only a little more sympathetic than Mike. I'm sure some of the folk "forgot" they got taxable retirement plan distributions and just assumed they received all the tax forms they were supposed to. Though there may be some who just thought they were getting away with unreported income, for those I have no sympathy. And if rollovers were done, it's really just a reporting issue. Taxable distribution on the other hand.

I think it's something that's good for the belly :-)

No. No.

Thanks to the internet, we know this is not true. Not sure I fully grasp your point. I think the point of the expert's comment is not that the only thing that all those monkeys would produce is Shakespeare. They would produce, eventually, every episode of Two Broke Girls and I Love Lucy, the entirety of Lord of the Rings AND Harry Potter, every single comment posted by a troll this year (both the unexpurgated version and the one edited to replace some of the more egregious words or phrases with typographical symbols), every term paper you or I ever wrote, etc. And let us not forget the United States Tax Code (both the 1954 version and the 1986 version). Uh.... It'd only take one monkey with one typewriter to produce my term papers. In fact, it did....