cripp12

We are looking to implement PTO charge back and PTO buy up but we are looking for numbers to present to the board for approval. Anyone know where I can find any sort of statistics with numbers. Something that we can define. We are a manufacturing and technology group. It would help to know what level of employees use this kind of benefit. Any help would be appreciated. Thank you

Do you recommend fixing the earnings first or file with dol first. Im assuming you mean Voluntary Fiduciary Correction Program filing. Also is it true the filing would increase the chances of being audited.

This group is a manual upload to our vendor and then funded same day. Since the group was over 100 can we fall under the "15th business day of the month following the month in which amounts would otherwise have been payable to the employee."

Due to an over site one of our locations of 122 employees should have had a deposit made on 11/15/2016. It did not get posted to employees 401k accounts until 12/13. Can anyone tell me if I have any next steps to take.

That helps. Thank you

Thanks for the reply. After looking through these links it seems that between the checklist and fixit guide the same 10 or 12 key points are mentioned. I would think that there should be more controls to go over.

Anyone know where I can get samples of internal controls. I have started one but want to add anything I missed. thank You

We have a revenue credit program with our vendor. We have the standard list of what these monies can be used for. If you also have this program can I get examples of what you have actually used this for. One example of what I used it for was to pay for our annual audit. Thanks

I thought 2009 was officially the year they needed to be reported.

My understanding is that box 1 is for Federal wages and is taxable. I thought going forward that the earnings were only reportable for that year.

We are in the process of finalizing w2 for the nonqual plan. I have a conflict with box 1. One item I pulled says to include Income in Box 1 and Box 12 using code Z. Another item only mentions Box 12 using code Z. Anyone know which is correct. thank You

I am preparing for my term mailing. I have captured my terms for 2008. My question is do I need to send out to terminated employees in 2009 who were in the plan 2008. Any help would be appreciated. thank you

I was told by Fidelity that I could email our SAR's to our employees but I would need delivery notification. With 1800 employees that could be trouble for me and our IT department. Even if I do that how could I make sure that they all receive it. Anyone have feedback on this matter. Also, Do I need to have return receipt when I mail them out to our terminated employees. Thanks

I understand now. Our plan is in compliance so all we need to worry about is reporting the deferrals and the income on those deferrals on the w-2. Thanks

Here is an email I received from our trustee. The earnings reportable could be a problem to retrieve. "Nonqualified deferred compensation plans. New section 409A, added by the American Jobs Creation Act of 2004, provides that all amounts deferred under a nonqualified deferred compensation (NQDC) plan for all tax years are currently includible in gross income unless certain requirements are met. If section 409A requires an amount to be included in gross income, the section imposes a substantial additional tax. Section 409A, generally, is effective with respect to amounts deferred in tax years beginning after December 31, 2004, but deferrals made prior to that year may be subject to section 409A under some circumstances. The Act requires reporting of the yearly deferrals (plus earnings) under a section 409A nonqualified deferred compensation plan, using Code Y in box 12. Income included under section 409A from a nonqualified deferred compensation plan will be reported in box 1, and in box 12 using Code Z. This income is also subject to an additional tax reported on Form 1040. "