WDIK

See Treasury Reg. § 1.401(k)-2(a)(4).

How would you propose to take hardship requests over the telephone when you also indicate that there are "no phones" for this demographic? (Would it be correct to assume that you are currently using the postal service?)

The language in the plan document is th key, not what the "plan" [i assume you mean plan administrator] wants.

http://benefitslink.com/boards/index.php?showtopic=37421

What is the result if the forfeiture fund increases in value? Does the employer get a credit?

http://benefitslink.com/boards/index.php?showtopic=30764

Isn't that why so many board members post under pseudonyms?

Is this what you are looking for? http://www.irs.gov/pub/irs-tege/2008_415_white_paper.pdf

It is my understanding that the contribution for the 2007 plan year can be made any time after the "freeze date" up to the general funding deadlines.

It is possible to "unfreeze" a plan.

That's quite a long list.

I agree that they can continue to defer and that they are subject to the applicable RMD rules.

Professional Employer Organization

A newer user name was creative enough to remind me of this old thread, so I figured that deserved a nomination. SuzieQNEC

If you are going to file the 5500 as an amended return, I would proceed in the manner you have outlined.

At first glance, it appears that the plan likely invoked a rule that allows them to automatically roll over a participant's balance if it under $5,000. If that is the case, no change in plan type occurred, and there would be no impact on your vested percentage.

1. Agree 2. Agree 3. Therein lies one of the inherent problems of having a large portion of the plan invested in illiquid assets. Please provide a little more information, perhaps estimating total asset value, real estate value, and percentage of assets attributable to the owner. 4. Other than selling the property to an unrelated third-party, ideas would also depend on the specific information noted in 3.

http://www.bisysretirement.com/news/news.aspx?ID=462

October 15th is still too recent for me to comment objectively about plan auditors and the reasonableness of their requests.

Although I believe there are some special cases that apply to family members, perhaps it would be pertinent to ask "What compensation would be reasonable if they were not family members?" You may also have some interest reviewing the following thread: http://benefitslink.com/boards/index.php?showtopic=30913

I thought that the notice spoken of in the Schedule C instructions was to 1) inform the actuaries or accountants that information regarding them and the explanation of their termination was being disclosed on a form open to public inspection; and 2) give them an opportunity to respond to the DOL regarding the explanation. If that is the case, it does not seem to me that a notice is required unless the Schedule C is filed.

That is my understanding.

Since you review the instructions every year, would you mind answering the following question? For how many years have the instructions for 1099 and 5498 been grouped together?

The 2006 Form 5500 instructions use language that indicate a 2-1/2 month extension can be obtained by filing Form 5558 "on or before the normal due date". The issue of a short-plan year is not specifically addressed, but I would comfortably rely on the extension.

I would think that to sign as plan administrator you would need to either a) be legally designated as the plan administrator, or b) be legally authorized by the plan administrator.