WDIK

My personal favorites: 1) Anonymouse Coward 2) QDROphile (Is that politically correct?) 3) 2muchstress 4) 401 Chaos 5) Death and Taxes (That's certain.)

I'm no expert, but I agree with you. I think it's just an extension of this discussion.

Is that in fish years?

Employees leased to Company A through a PEO arrangement participate in the PEO's flex plan. What would prohibit the employees to have uninterrupted participation in the flex plan under the following scenarios? 1) Employees transfer from Company A to Company B. Company B has the same ownership as Company A and also has a leasing arrangement with the PEO. 2) Employees transfer from Company A to Company C. Company C has a different ownership than Company A and also has a leasing arrangement with the PEO. Company C purchases the clientele of Company A and employs the same staff. 3) Employees leave Company A and are rehired to Company D. Company D is an unrelated entity with respect to Company A, but also has a leasing arrangement with the PEO. Thanks for your expertise.

I agree with pmacduff, and I hope we are both right.

What services did the attorney provide as plan administrator? What services was the attorney paid for? How did the attorney "assume the role"?

Sorry. I should have read the post more carefully. Why does the attorney/administrator wants to resign when all that is left to do is sign the final Form 5500?

Have you looked into this program?

For starters, how about the fact that the instructions indicate that you don't report unrealized gains. What exactly are total distributions? You have to refer to the instructions. You cannot read the instructions and understand the form in 5 minutes. Now someone familiar with the instructions who has all of the pertinent data in front of them probably could fill out a form properly in five minutes, but I don't have much confidence in someone doing it correctly without trained helped.

I neither sell nor service 412(i) plans. I just read IRS instructions for the fun of it.

I actually thought the pain from investing came when there was no gain.

Look, he's givin' out wings!

For the moderately literate: byzantine - a : of, relating to, or characterized by a devious and usually surreptitious manner of operation <a Byzantine power struggle> b : intricately involved. For those like me that are less than moderatley literate: surreptitious - done, made, or acquired by stealth (I hate it when I have to look up definitions of words in the definitions themselves!)

From page 17 of the Form 5500 instructions: "Code section 412(i) insurance contracts" are contracts that provide retirement benefits under a plan that are guranteed by an insurance carrier. In general, such contracts must provide for level premium payments over the individual's period of participation in the plan (to retirement age), premiums must be timely paid as currently required under the contract, no rights under the contract may be subject to a security interest and no policy loans may be outstanding. If a plan is funded exclusively by the purchase of such contracts, the otherwise applicable minimum funding requirements of section 412 of the Code and section 302 of ERISA do not apply for the year and a Schedule B is not required to be filed.

How does the top-heavy contribution relate to catch-up contributions?

Harwood: I don't think that this site has a calculation of total return including dividends, unless they have added that under their "Advanced Tools" for those who sign up (i.e. are willing to pay for it), which I have not. However, the site does list some dividend information under the stock's "profile" link. There is also a link on the "profile" page for "more features," which includes a daily earnings calendar. Also, when you chart the stock you have the option of including symbols that show the timing of dividends and changes in earnings. It's not a perfect solution, but I have found it extremely useful when I can't seem to get complete information from another source.

Is the substantial and recurring contributions requirement an issue if there are no wages, profits, etc?

Probably referring to the fact that the plan does not have individually directed investment accounts.

Sorry about the 1/4/04. That was what I thought I read in your orignal post.

If the date of merger is 1/4/04, the money purchase plan has assets until that date. Assuming a calendar year plan, it appears that a filing for a short plan year (1/1/04-1/4/04) will be required. Just curious, was there a specific reason why this merger date was chosen?

I'm sure the following has been addressed on these boards before, but I didn't find an applicable thread in the 15+ pages of search results. Semi-hypothetical scenario: 1) Participant has an account balance of $9,000. 2) Under QDRO, 50% of account is segregated for Alternate Payee. 3) Plan allows cashout of benefits under $5,000. 4) Plan allows distributions to Alternate Payees prior to Participant's termination. 5) Alternate Payee wants to defer receipt of account balance. Can the Plan force the cashout? Why or why not? Thanks in advance.

Now if I could only convince several small employers (and their accountants) who prepare Forms W-2 and transmit deferrals themselves that this is the case....

I like to use Big Charts.

The trust should establish its own checking account for that purpose. Participant distributions should not be returned to the sponsoring corporation.

Or could the PA have purchased it to cure insomnia? In that case it would be an allowable expense under the 125 plan.