WDIK

Tom's answer is certainly more complete. Although mine is technically correct for the scenario posed (i.e., all highly compensated employees), it was unintentionally so.

1) Although the technical answer is 100%, in practice you have to take into account tax withholding (FICA, etc.) 2) OR 3) You will not fail under the scenario you describe. 4) Prior year salary is used in determining who is a highly compensated employee, and current year salary is used for the testing (ADP, etc.)

http://benefitslink.com/boards/index.php?showtopic=21009

http://benefitslink.com/boards/index.php?showtopic=31889

I can't speak as to the "quite well" part, but this site may be of help. You can also search for 412(i) on amazon.com.

Puck and Mookie?

The $4,000 also becomes taxable when it is converted into a Roth.

The internet can even give the illusion of intelligence to a bozo like me. It's in the signature

I don't think that is possible because of the bar codes at the bottom. (Edit: Based on the subsequent posts, it is apparent that I misunderstood the actual question at hand.)

Save Our Saucepans. (Technically, I think the scouring pad brand name only has two periods because of patent issues.)

I do not think that it stands for anything, but was given to him as a compromise between the names of his grandfathers.

Traditional Capitalism: You have two cows. You sell one and buy a bull. Your herd multiplies, and the economy grows. You sell them and retire on the income. 　 -------------------------------------------------------------------------------- American Capitalism: You have two cows. You sell one, and force the other to produce the milk of four cows. You are surprised when the cow drops dead. French Capitalism: You have two cows. You go on strike because you want three cows. Japanese Capitalism: You have two cows. You redesign them so they are one-tenth the size of an ordinary cow and produce twenty times the milk. You then create cow cartoon images called Cowkimon and market them World-Wide. German Capitalism: You have two cows. You reengineer them so they live for 100 years, eat once a month, and milk themselves. Italian Capitalism: You have two cows, but you don't know where they are. You break for lunch. British Capitalism: You have two cows. Both are mad. Russian Capitalism: You have two cows. You count them and learn you have five cows. You count them again and learn you have 42 cows. You count them again and learn you have 12 cows. You stop counting cows and open another bottle of vodka. Swiss Capitalism: You have 5000 cows, none of which belong to you. You charge others for storing them. Chinese Capitalism: You have two cows. You have 300 people milking them. You claim full employment, high bovine productivity, and arrest the newsman who reported the numbers. Cuban Capitalism: You have two cows. They try to swim to Florida. Irish Capitalism: You have two cows. You feed them potatoes and wonder why they emigrate. Israeli Capitalism: So, there are these two Jewish cows, right? They open a milk factory, an ice cream store, and then sell the movie rights. They send their calves to Harvard to become doctors. So, who needs people? Iraqi Capitalism: You have two cows. They are biochemical weapons. Australian Capitalism: You have two cows. You try to wrestle them. Cambodian Capitalism: You have two cows. The government takes both and shoots you. Politically Correct Capitalism: You are associated with (the concept of "ownership" is a symbol of the phallo centric, war mongering, intolerant past) two differently - aged (but no less valuable to society) bovines of non-specified gender. Real Capitalism: You don't have any cows. The bank will not lend you money to buy cows, because you don't have any cows to put up as collateral. Real-World Capitalism: You have two cows. You share two cows with your neighbors. You and your neighbors bicker about who has the most "ability" and who has the most "need". Meanwhile, no one works, no one gets any milk, and the cows drop dead of starvation. Totalitarian Capitalism: You have two cows. The government takes them and denies they ever existed. Milk is banned. Bureaucratic Capitalism: You have two cows. They are cared for by ex-chicken farmers. You have to take care of the chickens the government took from the chicken farmers. The government gives you as much milk and eggs the regulations say you should need. Bureaucrat Capitalism: You have two cows. At first the government regulates what you can feed them and when you can milk them. Then it pays you not to milk them. Then it takes both, shoots one, milks the other and pours the milk down the drain. Then it requires you to fill out forms accounting for the missing cows. Surreal Capitalism: You have two giraffes. The government requires you to take harmonica lessons. Disney Capitalism: You have two cows. They dance & sing. Microsoft Capitalism: You have two cows. You patent them and sue anyone else who has them. Enron Capitalism: You have two cows. You sell three of them to your publicly listed company, using letters of credit opened by your brother-in-law at the bank, then execute a debt/equity swap with an associated general offer so that you get all four cows back, with a tax exemption for five cows. The milk rights of the six cows are transferred via an intermediary to a Cayman Island company secretly owned by the majority shareholder who sells the rights to all seven cows back to your listed company. The annual report says the company owns eight cows, with an option on one more. Sell one cow to buy a new president of the United States, leaving you with nine cows. No balance sheet provided with the release. The public buys your bull. Martha Stewart Capitalism: You have two cows. After decorating them, you sell them because a farmer told you the price of milk might go down.

Keogh plan was the term coined to refer to plans adopted by self-employed individuals. Sole proprietors can adopt 401(k) plans. (I think I understand where you are going now. Can an employee set up his or her own plan? I don't think so, unless they can sponsor the plan as a sole proprietor.)

Are you referring to what used to be called Keogh plans?

Baked Lemon Pudding 1 cup sugar 3 tbsp flour 3/4 cup milk juice of 2 lemons, strained 1 tbsp butter or margarine, melted 2 tsp grated lemon peel 2 eggs, separated In a medium bowl, combine the sugar and flour. Stir in the milk, lemon juice, butter, and lemon peel until blended. In a small mixing bowl, beat the egg yolks; add to the lemon mixture. Beat the egg whites until stiff peaks form; fold into the lemon mixture. Pour into a greased 1 quart baking dish; set in a larger pan with 1/2" of water. Bake, uncovered, at 350 for 55-60 minutes.

http://www.irs.gov/newsroom/article/0,,id=151226,00.html

http://erisaadvisoryopinions.com/index.php...es_num/78_index

I actually had completed the puzzle before I posted. Otherwise I would have been unable to "move on to something more productive."

Form 5500 instructions for line 2b.

http://benefitslink.com/boards/index.php?showtopic=30962 http://benefitslink.com/boards/index.php?showtopic=31324

A good place to start might be the instructions to Form 5310-A.

Thanks for the clarification. I'm comfortable with that.

Okay, I can move on to something more productive. Thanks, Tom, for doing this on a Friday and not a Monday.

If the payment frequency and amount change, so that they no longer reflect what is stipulated in the promissory note, why would it not be necessary to make those changes in the loan paperwork as well?

To be more specific, the Weakest Dude I Know