austin3515

Let's not forget to mention the old Vanguard small business platform. That thing was a dream and a go-to. Was real sorry to see that go, had to be 5 or 6 years now. That's when we switched those plans over to Fidelity Non-prototype or Investment only accounts.

I'm telling you, don;t underestimate the pooled plan. I get people to do it almost every time for the micro start-ups. There just is no plan B (no pun intended). For those of you who say "Forget it too much liabiility, you're forgetting that no money = no liability. A $100,000 pooled plan, or even $200,000 would have really any liabiility even with a bad fund.

Check out Fidelity Non-Prototype if you're going to go that way as a non-advisor. It's decent bear bones stuff but that's all you need.

So let's say I wanted to provide this service. I am not a lawyer. You're saying I could either 1) have an engagement letter with the attorney representing one of the divorcee's and provide the QDRO for their review OR 2) Prepare the QDRO for the divorcee directly but provide it to then explicitly for review by their divorce attorney. Is that about right? Heck it seems to me I could work with an attorney on an awesome QDRO template and just tweak it each time. Just curious...

To draft a QDRO? I get that a lot of stuff that we do the lines get blurred. for example, perhaps complicated language in the other field of a volume submitter document, or perhaps requesting language changes to a QDRO for clarification. I don;t know why I feel like drafting a QDRO goes over that line, but I think it's because a judge ends up signing the document. Thoughts?

I've been successfully selling pooled plans in these situations. Participant direction is just not cheap, that's the bottom line. Then they grow into a participant directed platform. Advisor's put the whole plan generally in just one single balanced-type fund. P.S. the balances are by definition small. AFRKD service was just too good to make any money on a $100,000 plan.

I make intelligent mistakes very infrequently - but stupid mistakes I make once a day...

I mean, I'm setting up an amendment and restatement today for a change effective 9/1/17. And I have a typo in the trustees name, but the other trustees have already signed. Your telling me your preference would not be to just delete the thing and start over with the correct spelling?

I try not to keep a record of my stupid mistakes for starters... Typos, etc.

How about this - we send a document for signature and the client signs as Employer, but says "hey I just noticed that the wrong Trustee is listed" and so now I need to resend the documents. But the one already signed is obsolete. Can I delete something that was already signed or is it memorialized for ever and ever?

Is anyone using DocuSign to facilitate the signing of plan documents? Do you like it, did you try it and hate it, let me know!

We use that platform too, but the broker can't get any comp or access to accounts. But thank you for the offer!

Can I have a pooled trustee directed 403b Plan? It will be funded via Custodial Accounts/mutual funds. for the micro market it can be darn near impossible to find a home...

FT is fantastic can't go wrong. Easy as pie to import a csv file with all the data. It is so easy.

Bump... I have an auditor asking almost the identical question about a blackout/transfer from one provider to another... Has the DOL said anything about this? I had thougth they had clarified publicly somewhere that this would not be a reportable transaction but I cannot find it anywhere...

There are several kinds of 457 plans. We're discussing a volunteer plan for a town under 457e11B.

Sounds like a disaster in the making? Starting to think these should be avoided at all costs...

So essentially, everything is taxable when they can request a distribution? It just seems that this is going to be a train wreck to administer for us. People with taxable income with no money/no withholding because they never responded to our paperwork. Does that sound right? Also, what about the gains accrued after the deemed distribution due to constructive receipt? Do we need to issue a 1099 each year?? What a mess!! Is there a plan design feature that I'm not thinking of?

I'm being told: a) If they allow in-service distributions at age 65 then everything is taxable when someone turns age 65 due to constructive receipt rules; b) If the Plan says you can take your distribution when you become an inactive volunteer, then everyone is taxable when they become inactive for the same reason. Is this right? I'm having a hard time finding a good article on the mechanics of how these things work. Frankly it seems totally unworkable and I'm just curious if I'm missing something...

I have one generous employer who treats start date as 1/1 because they think it is unfair otherwise (it kind of is). But documents are otherwise crystal clear that the eligibility starts ticking on the date on wich an employee is first credited with an hour of service.

Anyone know how a CPA should be reporting Roth 401k on a k-1? I am concerned that the partners are doing Roth 401k but there doesn't seem to be a w-2 like coding mechanism to clarify what was Roth and what was pre-tax. The only thing I saw is that it seems to be that the tax preparer/tax software is supposed to be asking how much is Roth and how much is pre-tax, which seems pretty inefficient. What have others seen on the K-1s?

This seems to be the key here, from your first article. Thanks! Also from the regs, I assume this is the relevant stuff: c) Prohibited transaction (1) General rule For purposes of this section, the term "prohibited transaction" means any direct or indirect— (D) transfer to, or use by or for the benefit of, a disqualified person of the income or assets of a plan; (E) act by a disqualified person who is a fiduciary whereby he deals with the income or assets of a plan in his own interests or for his own account; or (2) Disqualified person (E) an owner, direct or indirect, of 50 percent or more of— (i) the combined voting power of all classes of stock entitled to vote or the total value of shares of all classes of stock of a corporation, (ii) the capital interest or the profits interest of a partnership, or (iii) the beneficial interest of a trust or unincorporated enterprise,

Guy bought a franchise with a ROBS 401k and wants to terminate it. Can the stock get rolled over to an IRA? I think not, because if it could, there would be no such thing as a ROBS you would just do it from an IRA. I thought the whole point was to take advantage of the employer securities exemptions available in a 401k plan. Any specific sites (cites??) you can provide would be appreciated!

I have actually been known to sing publicly (I went to summer camp for 12 or 15 years and have no problem making a fool of myself). But man I just don't know if I could sign that song and even if I could, what would my client say??

He has set the bar high, but you're right there...