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Showing content with the highest reputation on 04/11/2019 in Posts

  1. Line 4 on the 5500 is used to report a change in the name and/or EIN of the plan sponsor. Note that it is the plan sponsor's EIN that should be used on the 5500. Maybe there is something I don't know about the multiemployer plan world but usually the plan sponsor is not the trust. See the instructions for line 2 for the definition of plan sponsor. The EIN for the trust is probably reported on Schedule R of the 5500 as the payor that paid benefits.
    1 point
  2. And if you allocate on balances (which are likely to be bigger for folks with higher compensation), you could very likely have a 401(a)(4) violation.
    1 point
  3. Dear Lord, give me strength!
    1 point
  4. This whole thread reads like the RMD is being paid from a DC plan, not a cash balance plan. Sounds to me like the participant gets the normal form distribution as required by 1.401a9-6. Hope the election forms indicated same. Anything else is just creating a bigger problem for the future when somebody comes in that knows what they are doing.
    1 point
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