Elizabeth Matthews

I am looking for a human to help implement AI options.

Has anyone hired an AI consultant to help with streamlining processes? How did it work out? Can you refer a firm/consultant?

The instructions for 8j say A transfer of assets or liabilities occurs when there is a reduction of assets or liabilities with respect to one plan and the receipt of these assets or the assumption of these liabilities by another plan. Since it is not going to another plan, I don't think it goes there. I found another thread with this question from years ago and they were never able to find the answer, even from the DOL.

If there are plan assets reverted to the employer in 13a on the Form 5500-SF, where should those be in the financial information (7-8)? I am thinking they would go in 8d (Benefits Paid) but I could not find any guidance for this.

Instructions for 5500-SF say 'Have 100% of its assets invested in certain secure investments with a readily determinable fair value...'. I have a client who has an investment in https://truelinecapital.com/. We get statements showing the value is unchanged and all interest payments are deposited to another plan account. I'm wondering if I should be using the long form given the nature of this investment. Any thoughts?

Am I understanding correctly, when filing the Form 5500, the Schedule R is now required for plans even without distributions in the plan year? This just to accommodate the new compliance questions? 2022 instructions for the Schedule R listed additional exceptions for plans without distributions that seem to have been left off of the 2023 instructions.