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Leopurrd-401k

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  1. Hello! Apologies if I missed a prior conversation on this. Has the IRS issued guidance for a plan that does not timely operate in accordance with the 3% minimum auto-enroll (plus appropriate auto increase and 90 day withdrawals)? Also, what about plans with exemptions that no longer qualify mid-year since EACA has to be a full plan year? Thanks for your thoughts!
  2. hi! If a SH plan has a missed deferral opportunity and requires a corrective QNEC - does that then remove the top heavy exemption? I'm curious and can't really find anything that says yes or no on this. I'm leaning towards YES because regs state that it's top heavy if it consists of anything besides deferral and the safe harbor contribution; BUT would it really cause a failure if you correct your plan? I can't wrap my head around this. Thank you!
  3. Hi! 5330's can now be electronically filed- which is wonderful news! But it looks like it follows regular 1040 tax filing procedures, not the 5500 (since its not going to the DOL). I'd really like to try and move towards electronic filing, but the documents on the IRS webpage are a bit scary. Does anyone know if there are providers out there at will assist retirement recordkeepers with this? We use FT Williams for 5500 purposes and they currently aren't supporting it. Thanks for any insight you have!
  4. Hi! I'm hoping that I can get some experts to weigh in here. I'm excited about the new process for determining if a plan is subject to an audit starting with the 2023 plan year - it's now looking at participants with a balance - yay! However, it leads me to wonder if the definition for large vs small plans will be extended to the DOL safe harbor regarding timing of employee contributions for small plans. I looked at the federal register and it doesn't specifically link to 5500 status, it only states "100 or more participants". What are your thoughts on this? I'm thinking that unfortunately, we are going to have a larger difference of small vs large now between the SH rule and the 5500 filing than in the past [since 100 ppt filers did not have to file a large 5500 until they hit 120]. Thank you!
  5. Thanks Bill!!! I'll be on the lookout for your bow tie!😁
  6. Hey folks! I'm attending ASPPA's annual conference for the first time in 15 years. I've been advised that dress code is "Business casual". are Jeans and a nice shirt ok? Looking for some general guidelines so I don't stick out too much. I usually work from home and doubt leggings and a funny T shirt are welcome Looking forward to potentially meeting some of you folks as well! Thanks, Vicki
  7. Hello my fellow pension geeks! I can't find this anywhere specifically mentioned, either in the 5330 instructions or on this board. Can the filer (not the preparer) sign the form electronically through something like DocuSign? The 5330 instructions do not say either way. The 5330 is also not listed on the irs.gov website as allowing electronic signatures for 2021. However, it would greatly help out for a project I'm working on. Please let me know your thoughts or share a resource I may have overlooked. Thank you kindly!
  8. Thanks to you both. I don't think we will be running this through software but I can check.
  9. Thank you! That is helpful. Any idea on how to calculate the APR?
  10. hello! Can anyone point me in the direction of where the Lifetime Income Disclosure calculations are explained in detail. I have found the DOL calculator but I'm not great at finance and need to see all of the steps. Thank you!
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