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Showing content with the highest reputation on 09/04/2018 in Posts

  1. Buy the CPA a computer for Christmas.
    2 points
  2. No. See following for more details: https://benefitslink.com/boards/index.php?/topic/53060-top-25-lump-sum-restrictions/ https://benefitslink.com/boards/index.php?/topic/44667-restricted-distribution-eligible-for-rollover/ https://www.irs.gov/pub/irs-wd/1031042.pdf
    1 point
  3. Larry Starr

    Deferral amounts

    You clearly have identified a BIG problem. The plan is not following its terms. Participants have a court enforceable right to defer a percentage. The financial advisor is risking law suits and I guarantee HIS employer would not allow him to make that decision as he is taking on a fiduciary role. And for what? I have not seen any payroll software that does not offer a choice of dollar amount or percentage; I doubt it makes any difference to the CPA, and if it does, that's the CPAs problem!
    1 point
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