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Showing content with the highest reputation on 12/30/2018 in all forums
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*DISCLAIMER - this is hot air on the internet, not tax or legal advice - you need to consult your accountant on this.* I think your accountant will tell you that $13,000 of the $15,500 profit sharing contribution is deductible for 2018 instead of 2017 if you so choose (assuming you have income to support that deduction in 2018), it doesn't matter how the broker "classifies" it, and you don't have a problem.1 point
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Freeze a 401(k) plan
hr for me reacted to austin3515 for a topic
Perhaps there is no legal requirement, but it sounds pretty cold not to give people a heads-up. As a practical matter you should tell them before their first pay check in 2019. And you did not say this was a safe harbor 401k plan, and whether or not a safe harbor notice was handed out. That would make this a much more interesting question.1 point
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