Looking for a way to manipulate a comma delimited or other type of file generated from TRAC2000 in Quantech for testing purposes.

I'd appreciate any tips.

Thanks, JCatt

A plan sponsor establishes a new plan as of the 2000 plan year by adopting a new prototype document. The prototype document is submitted for a GUST determination letter in 2001 but has not yet received a response. For the 2000 plan year, ineligible employees are given a profit sharing contribution.

Is this situation eligible for correction under the IRS Self-Correction Program (SCP) due to the prototype having applied for a determination letter, or is it ineligible for SCP? If it is ineligible for SCP, what actions should the plan sponsor take to correct the contributions for the ineligible employees?

I am a retired federal employee and now work for my county government. Our board enacted an ordinance for a new pension plan for all county employees, but specifically states that former federal employees cannot participate. Are there any specific federal or state guidelines which address their ability to do this??

If a client wants to terminate a profit sharing plan and start a 401(k) plan. Is there a required waiting period between the termination of the profit sharing plan and the starting of the 401(k) Plan. I don't think so and I couldn't find any data on the subject, but I just need to be sure.

Thank you

James

Does anyone have an example of "an actuarial statement of valuation showing compliance" with Section 401(a)(12) and the regs under 414(l) for Form 5310-A question 4(B)?

Does the statement need to be signed by anyone? If so, by whom?

Does the statement need to show specific numbers?

How does the statement "show" compliance?

Is it enough to simply have a statement that the action complies with 401(a)(12) and 414(l)?

A participant completes a distribution form and the spouse completes the spousal consent portion. Shortly thereafter and prior to the distribution being processed, the plan administrator (employer) receives a phone call from the spouse requesting a hold be put on the distribution as they are involved in a pending divorce.

shouldn't this participant receive the distribution absent a QDRO or a pending QDRO?

Does anyone know where I can find some info (discrimination testing) regarding setting up a Cross-Tested PS plan and a DB plan for the same employer?? Thanks.

Does anyone know where I can find some info (such as discrimination testing) regarding setting up a Cross-Tested PS plan along with a Defined Benefit Plan. Thanks.

ICMA, one of the largest 457 plan vendors, allows loans in it's plan if the employer requests they be made available.

Other carriers say that loans are not allowed.

What's the story? Are loans allowed by law in governmental 457 plans or not?

I possess the 71 TPF&C mortality table.

I have seen where the assumptions in a Plan require a ratio of rates from the 71TPF&C male and female tables.

Since I only have the one table (presumably a male table) does anyone know of the difference between the male rates and the female rates?

Or have the two distinct tables?

A professional corp. is owned 100% by the doctor. The doctor has several part time employees, none of whom have ever worked 1000 hours. The doctor and wife are the only ones who have ever had an account balance in the plan.

This plan is several years old and has always filed a 5500EZ. Is it correct to file a 5500EZ under this situation? I think that it is a "one participant", but, i'm not sure.

:confused: I need some help from somebody. I have been working full time and attending Jr. College part time for the last 5 years. I have transfered to a UC, and decided to quit my job, and get my BA. My question regards my 401k. I am going to need all the money I can get for school. Can anyone tell me if there is a way I can either roll my money over and borrow against it, or take it out without being penalized?? Please help me...

Thanx

Jason

I have a company who started a profit sharing plan in 1990 and then a 401(k) Plan in 1996. They would like to merge the two into one 401(k) Plan. Is there anything else I need to do other than checking the box marked 'final return/report for the Plan' on the 5500 needed for the IRS? Does anyone know of anything else that should be done? Thanks for the help!

Mike

Does anyone have a daily plan with employer stock as an option? If so, will Relius allow you to limit the amount a participant can invest, for example - 25%? How do you handle the stock, is it in a management account or do you go directly to the market? Thanks for your help!

I am the Office Coordinator for a small company and I would greatly appreciate if you could share your vacation/sick policies. We are currently in the process of re-thinking our existing policy. Any suggestions or examples of your policies would be greatly appreciated.

Given the following situation: DB and 401(k) plans which are top heavy, same ee's covered in both except two non-keys excluded from DB, 401(K) has only deferrals and match, TH minimum covered in DB. Question: what about the excluded ee's that are not getting the TH min in the DB? Do they need a contr in the DC?

Does anyone have an article comparing the advantages of daily products over balance forward?

A person inherits an IRA from his parent. If the person rolls that IRA into an IRA in his name, what are the consequences? I think that that exemption from the 10% early penalty no longer applies. What else?

Can an employer contribution more than the 404 deduction limit to a plan, recognizing that they can only take a deduction up to 15% of comp? If yes, what issues need to be considered?

Two plans were invested in a master trust. When dividing the trust into separate trusts (one for each plan) and allocating assets between the new trust, trust A received $200,000 of assets properly allocable to trust B.

Trust A had losses for the time between the transfer and the present, while trust B has earned money.

For purposes of this example assume that trust A actually holds $170,000 of the original $200,000 excess but trust B would have held $205,000 if it had received that excess.

We are trying to determine the amount trust A should transfer to trust B: $170,000 (the amount it has left of the original transfer), $200,000 (the amount originally transferred), $205,000 (the amount B would have if it had received the original transfer), or something else.

Note that both plans are overfunded, although A is less well funded than B.

Thank you in advance for your input!