WDIK

The actuaries have the option to initial the form.

Spouse's, children, etc. become HCEs based on the attribution of ownership, not compensation.

I would probably start here.

So what documentation is there regarding the trustees' "mutual agreement"?

There should be language in the trust agreement that indicates whether all trustees, a majority of trustees, or a single trustee may act with regard to plan assets.

At the Los Angeles Benefits conference, the topic of tax practitioner registration as it relates to third party administrators of qualified retirement plans and preparation of Form 5500 was discussed. At the time, the impact of the registration requirements for this group was unknown. Does anyone have further or more current information on this issue?

How can you avoid following the terms of the plan? (But as Austin points out, are you sure about what the plan requires?)

We have. I think this is the best alternative.

From the DOL website: How do I calculate the percentage of “qualifying plan assets” for my plan? All plan assets that must be reported on the Form 5500 Schedule I line 1a, column (b) for the end of the prior plan year must be included in the calculation of “qualifying” and “non-qualifying” plan assets. The calculation must be made as soon as the information regarding the plan’s assets at the close of the preceding plan year practically can be ascertained. This generally will be much sooner than the due date for filing the Form 5500 for that preceding plan year.

Another day, another package from the IRS. In summary, a 2008 filing was made without the Schedule SSA attached. The IRS sends correspondence requiring that an amended return including the Schedule SSA be sent to them. The filer complies. The IRS sends back the entire correspondence indicating that amended returns must be submitted electronically. Schedule SSA is not part of an electronic filing. Is this what you would call circular illogic?

2007

IF you are talking about non-qualifying assets and IF you are talking about a small plan, an audit of the plan is required if the bonding requirement is not met.

This poll was set up to allow more than one choice.

We just received another "URGENT" notice from the IRS. This one assesses a penalty for a balance due with respect to Form 945. It references a tax identification number that is neither the sponsor's ID nor the trust ID under which the 945 was filed and the 8109-B coupon deposited. This is not the first instance, and coupled with notices regarding missing filings that were filed, mistaken filing that were filed correctly, approval notices for automatic extensions that were dated after the extended due date, etc., our productivity has been significantly affected. Since humor often helps me deal with frustration, please complete this poll, and feel free to add your own comments as well.

Doesn't the notice have to come from the DOL to eliminate the DFVC option?

Waiting...........at least so far.

I suspect that the answer IS in the plan document. You may have to look at the wording of several sections combined, such as forfeiture procedures, accrual rules, etc.

What is the date benefit accruals ceased?

Use the delinquent filer's program. (DFVC)

Please excuse me if I have not understood the direction of your thoughts, but don't you need the salary deferral information anyway? So there is no need to obtain two sets of compensation.

Yes, as long as all of the other requirements are met.

I thought the instructions read to form the line on the left?

It is my understanding that although a one participant plan may file 5500-SF rather than the 5500-EZ, it is not required. In fact, some are of the opinion that it is better to file the EZ because the SF is subject to public disclosure while the EZ is not.

http://www.irs.gov/formspubs/article/0,,id=169726,00.html Refer to Form 8955-SSA.

No. The opinion letter is only giving approval for the form of the plan, not the actual operation of the plan.