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Showing content with the highest reputation on 01/27/2025 in all forums
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affiliated service group after tax deferral
Bill Presson and 3 others reacted to C. B. Zeller for a topic
This is true, but since the two companies are an affiliated service group, they must be considered a single employer for coverage testing. The NHCEs in Business 1 are not benefiting in the match/after-tax portion of the plan so the NHCE coverage ratio is zero and therefore the coverage test will fail.4 points -
affiliated service group after tax deferral
Bill Presson and one other reacted to CuseFan for a topic
Actually, if he owns both then it's a control group rather than an ASG, but treatment is the same.2 points -
You don't understand what Inspira does. They set up IRAs for all those people. They need a 1099-R with a G code.2 points
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Amendment Required
Bill Presson reacted to Bri for a topic
Sounds like what you only need is signed deferral elections for the owners indicating $0.1 point -
ASPPA vs. NIPA
Bill Presson reacted to thepensionmaven for a topic
Totally agree with Bill Presson.1 point -
Terminated Plan are 1099's Required
Lou S. reacted to Bill Presson for a topic
If the money left the plan and went to rollover IRAs, someone needs to generate a 1099. Who did the 1099s for all the rest of the participants? They would likely do these 6 as well.1 point -
ASPPA vs. NIPA
Belgarath reacted to Bill Presson for a topic
I've been an ASPPA member since 1989 and I'm very partial to them. I've been active in a lot of different areas. I was also a NIPA member from 1990 through 2022. Never felt I got as much from it.1 point