Leaderboard

These rules are contained in IRC Code Section 401(a)(31), 402(c)(4) and 401(a)(9). 401(a)(31) does not permit RMDs to be rolled over as they are not “eligible rollover distributions” and 401(a)(9) requires every qualified plan to pay the RMD.

under the stock attribution rules of 318(a) children are deemed to own the stock of their parents (even if they are adopted children) so based on what you indicated, all employees are key employees note: of course, the document is important!!!!! for instance if item (ii) was checked rather than (I) then top heavy is still due! 8. Top-Heavy Allocations Top-Heavy allocations are made to a. [ X ] This Plan. Participants who share in Top-Heavy minimum allocations: i. [ X ] Non-Key only. Any Participant who is employed by the Employer on the last day of the Plan Year and is not a Key Employee ii. [ ] All Participants. Any Participant who is employed by the Employer on the last day of the Plan Year iii. [ ] Participants covered by a collective bargaining agreement will share in Top-Heavy minimum allocations provided retirement benefits were the subject of good faith bargaining.