BG5150

Make sure they know the difference between trustee and plan sponsor.

Residential loans are a bad idea in most cases. Thus endeth my non-contribution to the thread.

My bad. I didn't see the part about the balance being "returned" to the plan. Never mind. Carry on. I'll delete my original post...

A quick explanation of the $10,000 limit from 72(p) from the ERISA Outline Book:

That is assuming the IRA wasn't in existence already. People do roll money into existing IRAs don't they?

I would do 2 1099's. One for the correct, rollover-eligible piece and another code 1 or 7 for the overpayment. If the participants repay it, it goes back in as basis for an after tax account.

No. A SH plan can use any definition that satisfies 414(s), as far as I can recall.

100. If they want, they MAY continue to file as a large plan. Below 80 they cannot file as a large plan and MUST file as a small plan.

Keep reading. Section 6.06(4) of current EPCRS:

I'll find out week of the 27th (of January).

Except for maybe the final 5500 and/or 1099's.

Since it isn't eligible for rollover, perhaps 100% withholding? But then again, how would he get a 1099?

Yep. All the way back.

And if you have been filing as a large plan and you go to 80 or less, you cannot still file as a large plan. (And why would you want to? )

Well, all CPC modules done and passed (though the Tax Exemt & Govn't Plans on was touch-and-go for a bit there). Now just waiting for the CPC Test results--hopefully by the end of the month....

Short answer: Ethics credits are part of the required total, not in addition to them.

And the match doesn't get included in the gateway.

Then I'd probably assume 3% NHCE deferral. No cite, but seems like the way to go.

What do you need the credit for? ASPPA is 40 over 2 years. ERPA is 72 hours over 3 years, with a minimum of 16 (including 2 ethics) each year. Not sure for NIPA, CEEBS or others.

Did they not include him by not letting him sign up, or did they not include him by not implementing his election?

Are you an ASPPA member? They have quizzes you can take for $50 I think.

UPS Stopped making left turns and making 3 rights, saving a lot of money and gas: http://www.pressroom.ups.com/Fact+Sheets/Saving+Fuel%3A+UPS+Saves+Fuel+and+Reduces+Emissions+the+%22Right%22+Way+by+Avoiding+Left+Turns

Amended forms can be done at any time. No penalty.

I'd rest soundly telling one of my clients that a plan isn't TH if they are only making the SH Match but had a rollover or two for the year. The examples of when a plan loses that exemption all relate to ER discretionary and forfeitures and when the SH match turns out to be non-ACP SH. I know that's not perfect reasoning, but it seems to show where the govn't thinking is on this.

Sometimes they do--rollovers from related plans.