BG5150

I thought the point of suspending someone from making deferrals after a hardship was: if you have to dig into your account for funds, how can you afford to make deferrals? So, stopping just the match doesn't really fit the bill. Plus, the suspension is not meant to be a penalty. Suspension of just the match would also be a penalty.

But what does that mean? Do they get the LP with the SPD? Or just on request?

Remember though, there is a distinction as to when the match is calculated and by when it need to be deposited.

I also have Jordan for Life Contigencies

For Interest, I have Kellison. I'll look into the Demographics book.

Have to? Supposed to? Can?

If/When do you have to give out the Loan Program? With the SPD? When someone requests a loan? When someone requests the Program?

Thanks, Andy. I'll check it out. I'll probably get acquainted with the material this summer, and see if I'll need the IA seminar after Thanksgiving. I have a lot of FM/2 material (including ASM & ACTEX manuals) and some MLC stuff. I'll go through the syllabus and see what needs to be studied and what can be skipped.

Even semi-annual entry date. Say you had 110 participants at the end of 2013. But in September & October you hired 15 new people full time. Assuming they are all still with the company, you'd now have 125 at the beginning of 2014.

After your input and thoughts from others, I think I'm going to steer toward taking the EA-1. I'm going to have to come up with some sort of study plan, however....

From what I understand, the money doesn't have to be allocated to particular accounts, but merely placed in the Trust.

Don't forget, that the $18,000 loan is payable in 5 years max. I'm not sure what the window is on your student loan. It's about $340/month, or $170 every semi-monthly paycheck at 5.25% interest. (We use prime +2)

Hospitals close all the time. Or reduce staff. So if your position gets eliminated, you get terminated and the loan comes due. It doesn't matter if you find a new job the next day. (Chances are, any new plan you get into will not accept a rollover of the current loan) If you can't pay it back, you owe taxes on the outstanding amount. Plus a 10% penalty tax on top of that.

The way you grow your 401(K) loan is if by some stroke of luck, the cost of the shares you are buying back are less than the cost of the shares when they were liquidated. In this yo-yo market, are you willing to take that chance?

I would think so. But they also count against the 2014 415 limits.

It's been over 20 years since my last math class.

Half were EA! Half were FM/MLC! Just looking for another perspective. (Pension Actuaries are the like crazy family uncle over there.)

But it's a lot of material all at once. I was thinking it's either: Do 2,000 pounds of learning/studying at once (EA-1) or do 2,500 pounds of studying, but only 1,250 at a time (FM-MLC). And you never know, ASA/FSA could be an option (way) down the road...

I wasn't sure where to put this, so I chose the DB forum. I would like to start on the path to become an Enrolled Actuary. On of the steps is to pass the exams. The EA-1 is only given once a year and encompasses financial math and some life contingencies. Credit for the test can also be obtained by passing grades on the SoA FM/2 and MLC exams. I was thinking of taking the 2 SoA exams for a couple reasons: 1. They are given half a dozen times a year. 2. It breaks down the material into two exams instead of one big one. However, it looks like the syllabus for FM (at least) is more expansive than the financial math needed for EA-1 (derivative markets is a big slice of the exam). I haven't looked at the MLC vs EA-1 topics yet. So if I take the two exams, I will be studying more material than I need. Any thoughts?

But what recourse does the TPA really have to take plan assets to pay fees without plan administrator or trustee approval?

Jim, why wouldn't this person be 100% vested? There is a side note in the EOB that mentions not vesting a former employee with the dissolution and liqudation of an Employer, but that might be a stretch. Chapter 4, section XII, part A #1.

[tangent]Whenever I see this thread title, I can't help to hear "Two Hearts Beat As One" by U2 in my head.[/tangent]

Is there an affiliated service group relationship at all?

If company A bought company B, then who are the other 4 people?

The only way I see the auditors side is if you get only get paid once a year.