Leaderboard

ETA????? The due date, without extension, is the end of the 7th month after the last distribution, so 9/30/2017 is correct. Just ask your software provider what to do. They all know. Or you can file an extension and hope the 2017 forms become available before 12/15/2017.

Would strongly suggest that you contact a HR professional who'd be able to assist you in classifying personnel correctly. Wrongly classifying personnel can jeopardize many things including payroll/benefits, 401k plans etc.

Notice 2017-49 that just came (within past two hours). Funding relief until January 28 if an Affected Plan. Notice 2017-49 Hurricane Funding Relief.pdf

NoT mentIoning Any providers by nAme, right?

You don't mention his age. If he is under 59.5, it may be to his advantage to either leave it where it is or roll it to an inherited IRA. Either would preserve the death benefit exception to the 10% early withdrawal penalty.

You may have a question about whether or not the persons are properly classified. Are they common law employees who should be getting a W-2 rather than a 1099? If the employer is inclined to allow participation, it may be from a gut feeling that they are more like employees than contractors, and that gut feeling may be borne out of a relationship that IS an employment relationship (based on the applicable factors) rather than a contractor relationship. Misclassification is also a problem if they are common law employees and not effectively excluded by plan terms. See plan section 2(c).

AKconsult for President!!! LOL