Is there any safe-harbor non-discrimination test available for testing for non-discrimination as to eligibility or benefits for either a self-insured medical or group term life insurance plan, as opposed to doing full-blown tests pursuant to the relevant Code sections?

Is there a restriction on removing those eligible for Medicare from a group health by forming a medigap sub-group with another carrier. We are trying to lower the over-all group premiums. The contributions to those over 65 will not change, but they would be off the group contract and enrolled into a group medigap policy. We understand that some will decide to stay on the group contract. Any ideas or suggestions would be appreciated. Are there any violations in this? Washington DC.

A participant attempted to roll his money over into another 401(k) plan whose funds are located at another investment company. The current investment company only makes the distribution checks out to the trustee of the plan. We had asked the trustee to deposit the check and issue a check made payable to the new investment company. The company instead endorsed the check and forwarded it on to the new investment company. The new investment company rejected it, not accepting third party checks. The CPA for the trustee is insisting that having the company deposit a rollover check and write a new check to the new investment company is illigal. The question is: Is it legal to have the company deposit the rollover check and write a check made payable to the new investment company. The participant will not see the check at all. Also, where can I find printed documentation to prove/disprove the above question.

Thank you

James

Education IRAs have a $500 contribution limit per year. Is April 15 the deadline to contribute for the prior year?

How does one go about terminating a VEBA?

I contributed $2000 to my Trad. IRA a few days ago and realized that I should have put it into a ROTH IRA.

Which sections of Form 8606 should I fill to recharacterize

the above ?

Thanks

I installed Quantech 6.0 on a "clean" machine (i.e., uninstalled Quantech 5.0 and Crystal 6.0). I then saved our custom reports in Crystal 7.0 format. When I attempted to run any custom report, Quantech would "hang" on the "Reportwriter is preparing report" statement. This happened on every report. I tried moving the reports to a single folder, etc., etc.. I just can't get this to work. I can run the report through Crystal without a problem.

Any ideas?

When amending and restating a plan whose prior document calculated vesting using an elapsed time method (which is not an option in our prototype), can you change the method of calculating vesting to 1,000 hours during each plan year without violating the anti-cutback rules? Is there anything special that would need to be done?

My multiemployer DB Plan has optional forms of benefits, do the recent anti-cutback regulations (section 411) allow me to amend and remove these optional forms or do the regs only apply to DC plans?

Employer A has a 401(k) with employee deferrals only and it's on a Standardized Adoption Agreement, calendar year/plan year.

Employer B also has a 401(k) with an Employer Match and is on a Standardized Adoption Agreement, calendar year/plan year.

Last quarter of year 2000, A and B become a controlled group but nothing was done to either Plan before the transaction to exclude the other Employer and utilize the 410(B)(6)© transitional rule. So as written, on the date of the transaction Employer A's Plan should have covered employees of B and vice versa.

The transitional rule is allowed if the coverage under the plan is not significantly changed during the transition period (other than by reason of the change in members of a group)...

Rev. Proc. 2000-20 now allows Standardized Plans to use the transitional rule.

Do you think each Plan could

1. "automatically" apply the transitional rule without an amendment excluding the other employer,

2. use the transitional rule but amend each plan to exclude the other entity, or

3. not be able to use the transitional rule even by amending each plan because the plan isn't written to exclude employees thos employees and an amendment now could be viewed as significantly changing the coverage.

Incidentally, their intent is to merge both plans mid-2001.

As an employer making a company match on a 401(k) Plan, does the company match amount get reported on the Form 941 line #2? If not, where do you report the match? Thanks...

I have a match formula of 100% on the first x% of deferrals with x being discretionary. I can do this easily in the match screen of the plan specs. However, if I want to allocate $100,000 in this manner, I've run into problems.

The system will allocate the 100,000 pro-rata on deferrals if I use the discretionary match - not what I want. If I put a value in for x the system ignores my entry of 100,000 in the transaction screen. Any sugestions?

Can a participant roll funds from a SEP into a 401(k) Plan?

What is the deadline for correcting an IRA excess contribution that was made March 2001 for year 2000?

I was told that the interim final rules and regulations prohibit insurers from not covering people that participate in certain activities: motoer cycling, horse back riding, skiing, etc. However, it supposedly allows insurer to exclude claims arising out of those activities. The rukes are to become effective in May. Any further information about this?

If a participant is part of a 403(B) and a 401(a) plan, are they still subject to 415© testing?

If a a participant has elected installment distributions, and occasionally needs a bigger check in a given month (for vacation, holidays, etc), is it allowable to accomodate request? I think the answer is no.

Is a request for installment distribution and irrevocable decision?

Thanks for any help.

I have a Roth IRA problem. I contributed the full $2,000 for my year 2000 contribution in January, 2000. Now my Adjusted Gross Income for year 2000 exceeds $95,000. It's around $102,000. I also invested $2,000 in '98 and '99 (for total contributions of $6,000). My account value has dwindled to $300 thanks to the lousy stock market. How do I resolve my year 2000 contribution if it's now partly ineligible? Thank you.

Under what conditions may a non-profit church organization establish a nonqualified plan?

Are placement fees for a nanny reimburseable under a dependent care plan? I can't seem to find any authority talking about what expenses are considered for the care of the dependent.