DavidO
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DavidO got a reaction from Lou S. in Schedule SB- line 19 discounted contribution attachment requirement
Interesting. I just reread the instructions and your coworker seems to be correct.
I have always attached regardless of quarterlies. Probably still will, but definitely would be comfortable not doing it based on the instructions.
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DavidO got a reaction from acm_acm in New Cash Balance for recently sold company
It may be worth asking ERISA counsel before proceeding, but personally I would be comfortable with it assuming you accrue the benefits based on comp and service after the employees were gone. If you can have a conversation with the plan sponsor and explain the potential risk and they are willing to take on that risk then I would be comfortable administering it.
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DavidO got a reaction from Lou S. in New Cash Balance for recently sold company
It may be worth asking ERISA counsel before proceeding, but personally I would be comfortable with it assuming you accrue the benefits based on comp and service after the employees were gone. If you can have a conversation with the plan sponsor and explain the potential risk and they are willing to take on that risk then I would be comfortable administering it.