austin3515

Finally, thank you. That's all I wanted to hear Well Thanks to Bill too, who of course agreed right away!

Good point. To be clear I've never done and this and nevrweouild, just curious to know the answer if it ever comes up. I like that answer.

Assume for, purposes of discussion, that it is a 9/30/2010 Plan Year

Forgert about the merits of this plan design which has been discussed ad nauseum in the past. If I did use this desgn, can apply the $1 limit only to HCE's who happen to be over the age of 50? Or is that age discrimination?

LEt's say, hypothetically, the client is out of town. Is there anything "illegal" about sumbitting a filing with no credentials? The filing will come back Processign Stopped which is considered filed. And I haven't "forged" anyone's name. I have heard stories of people sending in unsigned 5500's in the past in similar situations.

It is because that gives us time to talk some sense into these people

Here's one article... http://www.businessofbenefits.com/2011/06/...5ssa-and-408b2/

Has anyone addressed this collossal issue yet? Some of these 403b's who have nver reproted before could have hundreds of people to report. Any relief expected? Is anyone talking about this stuff?

(I'd probably impose it into the template form that I'm using) But the point of course is that I shouldn't have to do anything. Where's the outrage here? I thought I'd have an army of dissenters following me to the National Mall

Siungard was speculating that because the instructions say an "individual authorized to sign on behalf of the client" that perhaps some sort of client approval was necessary, which makes it very challenging. And frankly, even the fact that anyone has to sign it as just ridiculous. Especially when you need to send out 200 or 300 a year.

Does batch fulfillment avoid the extension? I think its fair to have clients sign the actual return...

As a matter of fact I later found in my basic plan document that the $3,000 is subject to the annual additions limitations, whereas the regular catch-up is not.

LAdies and Gentleman, I am OUTRAGED by this insane requirement that the SSA extension now requires a signature, where for years this was not a requirement. Oh and by the way, since we do 5500's and SSA's at the same time, that basically means signature is requireed on ALL extensions because I have not at that time determined if I even NEED an SSA. (OK maybe I'll make it a point to figure that out, but I'd prefer not to have to go there). And apparently it's not even clear if as a TPA I can sign the extension?? So now the client needs to actually sign the extension and mail it?? REally?? All this extra effort for an informational return?? I ask you, what purpose is served?? I want to organize a march on Capitol Hill - who's with me?? Calling ASPPA - defeat this insane requirement!

May an employee exceed the $49,000 415 limit by BOTH the 402g7 catch-up AND the 414v catch-up?

Not sure if I still count as an auditor, but that is how I did it So maybe we only neeed two more auditors...

They just never had TPA's before. It's amazing what you can do if no one tells you the right way to do things. Until of course you get audited.

What is the $200 require,ment? The "minimum" deferral cannot prevent someone from deferring if they are expected to defer at least $200?

403b plan has a match, whereby you only get a 2.5% if you contribute at least 2.5%. Therefore, they have always told employees the minimum ddeferral rate is 2.5% of pay, thus avoiding nayone missing out on the match. Is this a problem, or is it OK? The document simply states that the employer can set the minimum contributions.

We found a couple company's that do this and gave out their names, so we're out THANKS!!

Is it the sort of thing that can be done "one-off" though, or must you have some form of technology behind you. For example, no one would get into recordkeeping without investing a lot of money in the technology. Is this the same thing?

What do you guys know about being a common remitter, and the SPARK Data Files? We;'ve been asked to propose on this service. Does my question alone indicate that I have no business getting invovled? I read some articles that talk about people doing it in Excel, and others with comprehensive web-based platforms that connect sponsors, fund companies and employees. We're bidding on a very small start-up one.

Who is responsible for "drafting" these documewnts? We are under the impression that it is the fund company who would sign the documents with the employer. But please respond as though I don't know what I'm talking about, because I kind of don't...

Bird always gives the answer you're looking for--as logn as it coincides with the correct answer!

Bravo, ERISAToolKit, Bravo... LOL

Yes, I think you do see my dillemma... One nice thing about audited plans is you can ask the auditor what they want you to do. Ask three different auditors a question like this, you'll get three different answers... Of course, that's because the DOL has never answered it, nothing against auditors (I'm a past one myself!)