Leaderboard

The final plan year ends on the date of the final distribution. That is the date you should use on the 5500. The 5500 is due on the last day of the month 7 months after the final distribution.

Or tell the CPA that you ran it past some very (very!) experienced folks on this board and they all said no (and that CPAs only know enough to be dangerous in this field). Or look at a SEP application and go through it line by line, noting that it asks for the EMPLOYER info.

Same here. The TOS already prohibits commercial advertising through the message boards, so if it was "pay $50 for my webinar" it would be really simple. All the links seem to be to the CFPB website but I haven't seen a link that has been more than just tangentially related to this message board

Maybe it is part of being a "mods" which I assume is some kind of moderator but I can't ignore Mike. But If I hover over Bill's name like described I could choose to ignore him. The above is an observation.

Who is Mike Baker? :-0 And I see nothing inappropriate in this thread. In fact, I find it kind of interesting. The OP gets kudos for finding the right subsection within which to post.

A plan can be "qualified" without the documents containing all necessary amendments, where the time to amend is deferred ither statutorily or regulatorily. Keep in mind that a merged plan still exists, and will be amended (timely) when the combined plan is amended.

In a true merger, the plan does in fact survive. Both plans continue in existence in the form of the merged plan, and become one. The filing of a final 5500 for one doesn't mean it has ceased to exist - it's just to report on the transaction and zero out the balance "reportable" to the DOL each year.

I worked for the American Funds for 14 years in a retirement plans management role, and find this "explanation" to be pure B.S.

Agree. Those should be prohibited.

Tell him to run it past an ERISA atty

Bill, it is even easier than what Dave describes. Just hover over the user's name *OR* avatar. The ignore user option is near the bottom of the popup. Maybe it will do what you want if you select all four ignore options. Or you could just say the word and I'll mark him as a spammer. Least I can do now that we are related and all. :-)

He's the new "Lance".

If they even remembered they needed one in the first place...

I've never tried it but the 2021 Form 1009-R is out so if you have the ability to generate them now, you can certainly send them to participants since that is before January 31, 2022 due date. I'm not sure if the IRS-FIRE system is set up to receive 1099-Rs yet for 2021 so you may have to wait on the electronic filing to the IRS, but mailing the 1099-Rs to pariticpants is limited only by you ability to produce them.

Agree with shERPA. I work for a TPA and ran our 3(16) service for a short time (thank goodness; Ascensus has a TPA which has an active and experienced 3(16) service and I am no longer involved). The documents for hiring a 3(16) are much more comprehensive and involve more decision making than this suggests. Aside from what this TPA intends, I would not suggest to this plan sponsor that they sign such a document without a thorough review of all the documents and the delegation involved. The plan sponsor remains a fiduciary on the hiring and delegation issues.