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Showing content with the highest reputation on 12/27/2020 in all forums

  1. Jakyasar

    Happy holidays

    To all Wishing you all happy holidays and a healthy New Year. This board has been a wealth of information with many different contributors sharing their knowledge and experiences. Thank you all
    1 point
  2. Please see attached as an inspiring note for Christmas--- Best wishes for the New Year----BOB
    1 point
  3. House has already scheduled defense bill override vote for December 28, Senate on December 29. Constitution mandates new congress begins at noon on January 3, "unless the preceding Congress designates a different day". House calendar calls for "last votes" at 3 pm on January 1, with the 117th Congress to convene at noon on January 3: https://www.majorityleader.gov/calendar/2021 Presumably they could change that ... but time would not seem to be on their side.
    1 point
  4. The President vetoed the defense-authorization bill, which means Congress will continue at least for the override votes. If the appropriations bill is presented on December 24, the tenth day is January 5. If the President neither approves nor objects, this could call the 116th Congress to continue through at least January 6 if they want to prevent a pocket veto.
    1 point
  5. Not sure I agree. The 30-day advance notice applies when you suspend or reduce safe harbor contributions mid-year. Since the year hasn't started yet, I don't see a problem (employee relations notwithstanding) amending out of safe harbor completely, effective 1/1/2021.
    1 point
  6. FORMER ESQ.

    Compensation

    But, it is clear that the substance of the tax-gross up payments are compensatory. That is, if this person were not an employee, the company would not be making the gross up payment. The gross up payments are taxable for Federal income taxes and would likely be covered as "compensation" under the plan, but I would check the definition anyway to be sure. This is not clear. Are you saying the employer does not want the employee to defer into the 401(k) from the gross up? If so, why? To reduce a match? Do you mean to say that the payments were eligible compensation for deferral under 401(k) plan?
    1 point
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