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Profit sharing and a qualified retirement plan profit sharing contribution are not even close to the same thing. You need to know more about the contract. Or, as you suggest, consult a professional who understands government contracts.

I agree there's no apparent 409A issue. I recall some guidance within the last few years by IRS saying they would no longer accept amended W-2s prior to the SOL period to try to take FICA back to the correct year (and avoid paying potentially larger FICA upon distribution) but can't say I remember precisely what form the guidance took. If the COO was over the SS wage base in prior years the impact should be minimal regardless. I've also had many clients, as I'm sure others have, fail to withhold FICA upon vesting and have withheld upon distribution with no hassle.

Due diligence is a must (and pretty much any problem can be fixed - it's just a matter of cost/effort).

What type of defined contribution plan is the plan? And what is the reason for the receivable?

Basic HCE 100 (or why I am glad I'm not HCE!!!!!!) Doctors are blaming a rare electrical imbalance in the brain for the bizarre death of a chess player whose head literally exploded in the middle of a championship game! No one else was hurt in the fatal explosion but four players and three officials at the Moscow Candidate Masters’ Chess Championships were sprayed with blood and brain matter when Nikolai Titov’s head suddenly blew apart. Experts say he suffered from a condition called Hyper-Cerebral Electrosis or HCE. “He was deep in concentration with his eyes focused on the board,” says Titov’s opponent, Vladimir Dobrynin. “All of a sudden his hands flew to his temples and he screamed in pain. Everyone looked up from their games, startled by the noise. Then, as if someone had put a bomb in his cranium, his head popped like a firecracker.” Incredibly, Titiov’s is not the first case in which a person’s head has spontaneously exploded. Five people are known to have died of HCE in the last 25 years. The most recent death occurred just three years ago in 1991, when European psychic Barbara Nicole’s skull burst. Miss Nicole’s story was reported by newspapers worldwide, including WWN. “HCE is an extremely rare physical imbalance,” said Dr. Anatoly Martinenko, famed neurologist and expert on the human brain who did the autopsy on the brilliant chess expert. “It is a condition in which the circuits of the brain become overloaded by the body’s own electricity. The explosions happen during periods of intense mental activity when lots of current is surging through the brain. Victims are highly intelligent people with great powers of concentration. Both Miss Nicole and Mr. Titov were intense people who tended to keep those cerebral circuits overloaded. In a way it could be said they were literally too smart for their own good.” Although Dr. Martinenko says there are probably many undiagnosed cases, he hastens to add that very few people will die from HCE. “Most people who have it will never know. At this point, medical science still doesn’t know much about HCE. And since fatalities are so rare it will probably be years before research money becomes available.” In the meantime, the doctor urges people to take it easy and not think too hard for long periods of time. “Take frequent relaxation breaks when you’re doing things that take lots of mental focus,” he recommends. Origins: In 1994 the story of the unfortunate Mr. Titov graced the pages of the Weekly World News, an American tabloid rarely devoted to the reportage of actual news. Once again, the WWN failed to disappoint — this offering was fiction.

So, while I'm here, my second favorite software program is XYplorerFree which can be found at https://www.xyplorer.com/free.php. It is a file manager that, while generally inferior to Windows Explorer (so it doesn't operate as a replacement for Windows Explorer), has two features that I use almost every day. 1) You know how Windows Explorer uses an address bar to identify the tree node (i.e., folder) being displayed? XY goes one step better by using a Location combobox that takes multiple locations easily (you just separate them with a vertical bar). So, if you have one tree with billing information and another tree for non-discrimination files you can put both trees into a single combobox and XY will now return results based on the combined folders (XY will of course pick up all sub-folders if you check the box "Include subfolders"). Add a filename filter (like "*.xls*") and you can easily find the last excel spreadsheet that you worked on for a particular client without having to search multiple places. 2) XY has the fastest content search engine I've ever used. Of course, I'm talking about content searches that are not pre-indexed. Those would be faster, but I've never found a content indexer that is meant to be running 24/7 that I like. They just bog down the system too much. XY has a series of filters that is mind numbingly comprehensive. And one of those filters is content. So, it is a simple matter to put "*.pdf" in the filename filter, a couple of folder trees in the Location combobox, and some specific content like "Required Minimum Distribution" into the content filter and XY will return results of every pdf you have in those folders that mentions "Required Minimum Distribution". XY has, in my opinion, too many features which makes the interface a bit intimidating. I love the program because of the handful of features I use and am quite content to ignore all the other features.