Leaderboard

I was wondering why I'd been listed with the gold cup for yesterday when there were at least three other folks with the same 2 "reputation points". Then I refreshed the page and our names were shuffled, so I was then listed with the silver. Refresh again, and listed fourth. Then back to first. I surmise all our profiles say we last "won" the day on May 24th. I had wondered if there were some underlying tiebreaker algorithm in play. Honestly, it's not a vanity thing! 🤪 --bri

In my experience they say the plan is covered for $X but the coverage will increase to the amount required by ERISA (which is 10% of BOY assets). That's why I generally put 10% of opening assets for the bond.

Use the Search feature, with search term "Continental" or "sham divorce".

The plan termination date is one thing, the final distribution date is another. Your statement about making contributions after the short year doesn't make sense - let's assume a calendar year plan, term'd on 3/31. Terminated just means no new contributions are accepted (accrued contributions, such as the SH for the prior year, are fine. That plan can stay open for "a while" (generally not longer than 12 months, although going beyond simply means you have to keep the document updated). Let's say you leave it open until Aug 31 in order to complete the contribution, and wait out the 60 day requirement for the other plan (as noted there are workarounds for that but I digress). The deposit is made Aug 15, everyone rolls out on Aug 31. Your short year is 1/1-8/31. No need for any special justification; things just take time.