RayJJohnsonJr

Does a one participant defined benefit plan need a Summary Plan Description?

I've been out of DB's for a while so please bare with me. A CPA client asks, "What is the DB discount rate and what can be used for a projected earnings assumpton?" Then he asks, "Isn't there a correlation between the 2?" Can anyone help me answer these questions, Thank you in advance

Thanks, Harold. I see it now.

I'm having the same problem. You mentioned unreporting a terminee to SSA when they get paid out early. How do you "unreport'" them?

Thank you all for your valuable input Rene

Does anyone copy the state when filing 5500's? A CPA insists it is required. We have never copied the Plan's state income tax division on a 5500. Does anyone else do that? Thanx, Rene