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Nothing. And I recently spoke to a wholesaler for a large recordkeeper and he told me his region added something like 80 new plans and one took 3(16) services from a TPA. And I'd venture a guess that that one client is getting "ripped off."

Bingo repeated. Still smh. Reading with comprehension is a forgotten skill.

You can self-correct by retroactively amending to allow 3 loans. Rev. Proc. 2019-19 addresses this.

As was alluded to, I am a big broadway fan. Actually, I am an investor in a number of shows. In the last two years, two of my shows have won Tony's for Best Musical Revival (Once On This Island, 2 years ago) and this year, best musical (Hadestown). And we've got FIVE new ones in "pre-production", including the one I am most excited about (maybe we'll make money on this one!) which is we have the rights to Neil Diamond. I'm hoping it will be our Jersey Boys. Now, the LDS (the Mormon Church is the Church of Latter Day Saints), was very smart. Back when Book of Mormon was early in its run, the LDS took out full page ad in the Playbill: "Now that you've seen the show, read the book". Very smart of them I think. For those who don't know, the show is NOT really a knock of Mormonism, it's a knock on ALL religions, but what else would you expect from the guys who do South Park and Avenue Q (another clever musical). Here's a useful line from the Wikipedia entry for the musical: The Book of Mormon is a musical comedy. First staged in 2011, the play is a satirical examination of Mormon beliefs and practices that ultimately endorses the positive power of love and service.[1] The script, lyrics, and music were written by Trey Parker, Robert Lopez, and Matt Stone. Parker and Stone were best known for creating the animated comedy South Park; Lopez had co-written the music for the musical Avenue Q.

Thanks Bill. That's what I see too.

No. You do not get a match on a 402(g) excess.

§ 1.411(d)-4, Q&A-2(b)(2)(v) provides: (v)Involuntary distributions. A plan may be amended to provide for the involuntary distribution of an employee's benefit to the extent such involuntary distribution is permitted under sections 411(a)(11) and 417(e). Thus, for example, an involuntary distribution provision may be amended to require that an employee who terminates from employment with the employer receive a single sum distribution in the event that the present value of the employee's benefit is not more than $3,500, by substituting the cash-out limit in effect under § 1.411(a)-11(c)(3)(ii) for $3,500, without violating section 411(d)(6). In addition, for example, the employer may amend the plan to reduce the involuntary distribution threshold from the cash-out limit in effect under § 1.411(a)-11(c)(3)(ii) to any lower amount and to eliminate the involuntary single sum option for employees with benefits between the cash-out limit in effect under § 1.411(a)-11(c)(3)(ii) and such lower amount without violating section 411(d)(6). This rule does not permit a plan provision permitting employer discretion with respect to optional forms of benefit for employees the present value of whose benefit is less than the cash-out limit in effect under § 1.411(a)-11(c)(3)(ii). Thus, generally a plan is permitted to add, delete, or modify provisions pertaining to automatic cash-outs without violating section 411(d)(6) so long as the end result is a provision that would otherwise comply with applicable law. If you are worried about the extent to which the above paragraph permits stand-alone modification, then just delete the provision (permissible) and then re-add the provision (permissible, so long as the terms selected are permissible).