K-t-F

Imitation is the sincerest form of flattery... but do we need another Blinky?

Maybe she is in St. Louis trying to scalp a ticket to history. Another record could be broken for the longest winning streak in playoff history, 8 straight games. If they do it this team will be the talk of sports for a while. Did you hear... Theo Epstein chartered a plane and took the Fenway ticket takers and other park employees down to St. Louis to see the game.

AHHHHH ! ! ! you are talking blasphemy! But seriously... anything could happen. You saw it with the Yanks. But I think that the Sox aren't overly confident like the Yankees were.

Well.... Pedro did it in magnificantly last night (with a little help from David "Pappi" Ortiz throwing out Suppan to sustain his shutout!). Who said he could only hit Manny also took the crowd out of it early with the solo shot in the first... Do you think Manny wanted to make up for his poor play the game before? HR in the first, throwing out Walker at the plate. An all around wonderful effort by the "Idiots" from Boston I must say... They certainly have stepped up to the plate after facing elimination down 3-0 against... who were those guys? 7 straight games! WOW, the Sox are on fire! If they take it tonight, now that will be an accomplishment for the recordbooks.... The only baseball team Down 3-0 to come back and win the ALCS, then a "sweep" to win the World Series. As many have said, "you couldn't write this" Has anyone thought of this? Full eclipse of the moon tonight... the moon will not be blackend from the sky but rather it will be a deep red (from the light of the sun being bent around the earth onto the moon)... a sign that the so called "curse" has been lifted?

As stated, you are not in trouble... you just have established 3 plans. It could have been done easier but no harm done. And yes, are you plans in compliance with GUST and EGTRRA?

Is the address that JHilliard has in the post good for any state.... do all letter forwarding requests go there? Anyone have any experience with the letter forwarding program?

I was born in Pitt and was a long term Pirates fan.... but then that was back when the likes of Willie Stargell, Roberto Clamente, and Manny Sanguillen were on the team. Since moving to Boston in '72 and now being here for 34 years, I am a true Redsox fan. Game tonight. Will be interesting to see a Redsox pitcher hit and run (or at least try)

Some people dont consider consiquences. I heard that the car that was set afire was due to the fact that a Jeeter shirt was seen in the back seat. And of course that poor girl that was killed.... beyond tragic. You would think that people would just enjoy the game and have some good clean fun if they won (and walk home dejected if they lost). A friend took his son to the game last night. I asked if he stayed late. He told me he did to simply take it all in. That it was surreal.

What I meant was that their bats are quiet NOW... and we (Redsox fans) should hope they dont heat up! I am not saying the series is over either. Listening to baseball talk on the toob and radio here in Bean-town I have heard that if we at least take one in St. Louis it will be a successful 3 games. Of course the best scenario is for Boston to take 2 and be done! Going all the way to the 7th game would not be good for the city of Boston, win or lose. A happy or disgruntled mob in boston on Halloween night... hmmm

Being a member of the Redsox Nation I am surely hoping for a World Series Championship hat. But, you never know what will happen after watching the Sox/Yankees series. Also, this bunch of Idiots had better stop making errors if they dont want to have their team emblem replace the Yankees as the international symbol for choking. Not being a diehard baseball fan, am I to understand that the Cardinals bats are pretty quiet?

Rev Proc 2003-44. This is the fee page from Rev Proc 2003-44 sec12.02. $750 to amend late? One man plan. 50% break is way past being available at this point.

I received an email from a plan sponsor who wanted to update his/her plan for GUST.... missed the deadline and didnt do anything to date. This can be done through voluntary compliance.... Anyone want to share thier experience? A direct link to the proper procedure?

well... went to the Pub for dinner... watched Lowe pitch ... doesn't look good. Hope the end of the game is better! Cabrera was a great trade for Garciapara.... As far as I am concerned, Garciapara was damaged.. a great guy, but lets face it, it is a business... and we need players who can play.

You are so right Lori.... Schilling pitched a fabulous game. What ANOTHER exciting game last night! Cabrera with the walk off homer over the monster in extra innings!!! Now if we could get Veritek to hit .... bring on the Yankees! Foulke .... sheesh.. almost blew it again!

have to ask... anyone see that Sox game Tuesday night? Baltimore at bat, top of the 9th, 2 outs, 2 stikes, one man on, Sox lead one to zip and the batter hits a home run.... clean over the monster! OUCH! Then bottom of the 9th, 2 outs, 2 men on, Bellhorne hits a single into the gap between center and right field... Sox win!!!.... wow, what a finish!!! and to think I almost turned it off.

gotta love algebra....

What are people's thoughts on this situation... Let me know if and where I go wrong: Plan makeup: - LLC taxed as a partnership - 401k non SH, No match, W/ER PS contribution - 10/31 FYE & PYE - Cross Tested: Group 1 Partners (3 partners), Group 2 all others All partners make $200k+ Passes ADP No problems W/Cross testing contribution Here is the situation... One partner is retireing on 10/31/04. That partner has deferred $1,000/month for each month of the 10/04 plan year. 2003 402g not exceeded. Partner wants to defer an additional $3,000 in month 10/04 to get to the 2004 402g of $13,000 which would mean a $15,000 deferral to the plan for the 10/31/04 plan year (see my math... $1,000 each month of 10/04 PYE + $3,000 additional in 10/04 for $15K).... ok? Partner also wants to deffer the $3,000 catchup. (With me so far) Questions: 1 - Can the partner have a $15,000 deferral for the 10/31/04 plan year? (+ $3,000 catchup?) 2 - Wont it limit the max non elective contribution to the other partners to $41,000 - $15,000 or $26,000? That will ultimately mean that the other partners will not max out.. they will get $26,000 + $12,000 or $38,000 (if they continue at their usual rate of $1,000/month). CAN they (the other partners) also make that $15,000 deferral like the retireing partner as outlined? Basically use up their 2004 402g in the first 10 months of 2004, not make any deferrals in 11,12/04 and then as a business going forward their employer profit sharing contribution will just be more to get them up to the max for the 10/05 year end? Is there a better way? Thanks!

I am amazed at the number of Red Sox fans here on the boards. Is it something in the water in Boston that breeds such faithful fans? Living north of Boston on the ocean and a Red Sox fan for life I can hardly remember my past baseball loyalties growing up in Pennsylvania (Pittsburgh and Philly). We are due for a world series victory in Boston!!!

Am I correct in saying that if a one man show plan like a solo 401K plan has no other employees then that plan is not protected by ERISA? Not protected from litigation? That it is only protected when there are employees other than the owner/trustee/sponsor? We all know that ERISA was put into place to protect employees from being cheated... Does the DOL take exception when a one man show establishes a plan and hides behind ERISA in the event he is sued? In that scenario will his pension assets be attachable in the event of a law suit? Any cites would be greatly appreciated... either way they fall.

I am simply answering the guys question. I think he wants the client to be able to borrow. He also mentioned Insurance.... Can you not have life insurance in an IRA? Thanks

Like I said, CFP was vague. Where do I find that PLR? (sorry for my ignorance ) Thanks!

Individual has no EEs, I dont even think he has a business. The CFP was vague but the just is he wants to establish a plan and roll $$ into it, consolidate his retirement $$, IRAs and pension $$. I will look into the PLR, thanks!

CFP asked me (told me he read a news-letter or was told by someone) if a person can establish a plan and rollover balances from other plans and IRAs to the new plan. There will no be any deferrals (because there is no compensation) or employer contributions. He wants to know if it can be done so he can solely roll other monies into it like IRAs or other QP accounts.. What is the ruling?... do plans have to receive active deferrals and or employer contributions?

Here is the response I received when I asked how it worked.... "It is, in effect, an insurance policy to protect the contributions to a 401(k) account. Today, if a person becomes disabled and are receiving monies from their disability insurance, their contributions to a qualified plan cease. However, if they have a rider on their qualified plan, a premium payment for this disability insurance would be taken from their contributions pre-tax. In the even they become disabled, a pre-defined amount would be contributed to their qualified plan while they are disabled. In this sense the qualified plan is the immediate beneficiary of a disability insurance policy. The contributions from the plan, are immediately vested and could be available for qualified withdrawals. A Private Letter Ruling by the IRS in 2002 validated the legality of pre-tax contributions and premiums, and post-tax benefits, etc. A few companies have jumped on the wagon and started officially offering this rider. Corporate Compensation Plans (www.corpocompinc.com) has a pretty good explanation of the whole thing, but today, this is primarily being offered by insurance carriers (Cigna, Mass Mutual, etc) as a adjunct to their 401(k) plans"

Anyone heard of this? Financial planner asked me the following: "I am researching the prevalence and viability of adding a disability rider to a 401(k) product. "