WDIK

Q&A D-5 of Notice 98-4 states in part that "in determining whether the limit was reduced below 3 percent for a year, any year before the first year in which an employer (or a predecessor employer) maintains a SIMPLE IRA Plan will be treated as a year for which the limit was 3 percent."

Prior Discussion.

Please clarify. When you refer to Year 1, 2, etc., are you referring to the first, second, etc. year of the plan being in effect, or the first, second, etc. year of work for each specific employee?

This thread may provide some additional information.

We may have a new frontrunner: NotThatGBurns

The following links list companies that may be involved with automatic rollovers. Perhaps they will help. http://benefitslink.com/boards/index.php?showtopic=26901 http://benefitslink.com/boards/index.php?showtopic=27343

Where did that get Sir Thomas More?

FundeK's situation is understandable. I just didn't want could be me maybe not to wait indefinitely.

It appears that the 6% that you refer to are salary deferral amounts under a 401(k) provision. These were contributed pre-tax, so they would be taxable when withdrawn. It also appears that the 3% that you refer to is an employer matching contributions. These amounts were not taxable to the participant when contributed, so they would be taxable when withdrawn.

I thought he did.

Although the schedule B may show approximately $50,000 in assets, the Form 5500-EZ will show the total $125,000 in assets. I believe that the filing is required. p.s. The instructions refer to total plan assets of $100,000.

I resent that!

Perhaps quint was merely expressing his hope that you would "Live long and prosper."

Actually, the response in the other forum by GBurns was very similar to the response given here by KJohnson.

ahayford: Are you trying to describe a situation where there is a single trust for both plans?

Are they located in Illinois? If so, the following excerpt from the Illinois "APPLICATION FOR A MEDICAL OR PROFESSIONAL CORPORATION REGISTRATION" form may be applicable. STATUTORY REQUIREMENTS - Medical Corporation 1. Only physicians and surgeons and chiropractors licensed under the Illinois Medical Practice Act may apply for a Medical Corporation Registration. All officers, directors and shareholders of the Medical Corporation MUST hold an active Illinois physicians and surgeons or chiropractor license. 2. The corporation name must end with the word "chartered" or "limited" or the abbreviation "Ltd." or the words "Service Corporation or the abbreviation "S.C. The Medical Corporation Registration will be issued in the same name as on the Articles of Incorporation as filed with the Illinois Secretary of State. The purpose clause must specify "medical corporation." 3. A separate application must be submitted for each corporate location in Illinois and for each d/b/a used in Illinois.

1. a faultfinding captious critic who believes that human conduct is motivated wholly by self-interest OR 2. someone without firm adherence to a code of moral values

qx is a mathematical notation that is used to represent the probability that a life aged x will not survive to age x+1.

GBurns: I'm not sure if your reference was meant to classify me as a a faultfinding captious critic who believes that human conduct is motivated wholly by self-interest or as someone without firm adherence to a code of moral values . I am occasionally guilty of being the former but wholeheartedly deny being the latter.

...and of course charge a small fee.

An amendment and restatement does not necessitate a change in the plan number and plan effective date, nor does it disrupt the Form 5500 filing. Also, a change in custodian and/or third-party administrator does not necessarily require a plan to be amended and restated.

(METAPHOR ALERT!) We aren't at the poker tables here, so why not lay all your cards on the table. If your hand is as good as you maintain, there will be no reason for anyone to try and call your bluff.

The following example is found in the 2004-R Premium Payment Package. Example 4 A new calendar-year plan is adopted February 18, 2004, retroactively effective as of January 1, 2004. The plan administrator may select either January 1 or February 18, 2004, as the premium snapshot date; the date selected must also be used for purposes of prorating the premium for the plan’s first year.

I apologize penman. I didn't go deep enough into the issue. For what it's worth, I think that you are on the right track.

Demosthenes: I'm not sure I followed your last post. Perhaps it is the pebbles in your mouth.