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Showing content with the highest reputation on 03/01/2019 in all forums
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Allocating Gains Loss on Pooled Accounts
Bill Presson and one other reacted to RatherBeGolfing for a topic
There are plenty of ways to do it other than just beginning balance, but pro rata by comp ain't it...2 points -
Allocating Gains Loss on Pooled Accounts
Bill Presson reacted to Bird for a topic
Lol That tells us all we need to know. I'll bet it's the tip of an iceberg.1 point -
I'll go a stronger and say no, it disqualifies the plan. The plan document should have language saying how the gain/losses are allocated. The formula used also means that terminated participants with balances do not get an allocation of gains/losses.1 point
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Allocating Gains Loss on Pooled Accounts
Bill Presson reacted to Karoline Curran for a topic
It's not one of my TPA's plans-- he's just asking. I told him it should be done based on beg balances-- why would you give someone gains/loss when they have no balance?1 point -
Allocating Gains Loss on Pooled Accounts
Lou S. reacted to Bill Presson for a topic
You have to look at what the plan says and I'm pretty confident this won't be it.1 point -
Top Heavy and Safe Harbor allocation
Bill Presson reacted to Mr Bagwell for a topic
If the plan consists of only deferrals and safe harbor contributions, the plan is exempt from a top heavy contribution. Yes, you can allocate the safe harbor on part comp if the plan is written as part comp.1 point
