BG5150

Is that a way of getting around the $5,000 force-out rule?

As I said above, my client got one when they filed a 1096 (or 945. I forget which) and the info wasn't the same as a previous year.

We had a client move one time. Add that to we ever-so-slightly changed the plan name on the 1096 and they got a letter saying 2009 & 2010 info didn't match up, and they had to submit the 8822-B to report the "change"

If they employer doesn't want to short those people, they should make an amendment to include the true-up.

That should be standard procedure for everyone.

It's not like health coverage where if you miss signing up you are out of luck until the next enrollment window.

"Entry Date" is when you become a participant in the plan. Deferral election is irrelevant. To me,if you don't sign a form on or before your entry date, you are zero percent. So, then, if the administrative procedure is to allow deferral change for any payroll, a participant can choose to start, change or stop for any payroll period after the entry date.

What does it mean to enroll at zero percent?

Do they have separate IRS plan id's? Eg, 001 & 002?

Then you either have to continue with two plans and pay the yearly admin for both or merge them. Both additional costs. If vesting is not an issue, could they do a flat dollar QNEC instead? Some documents say there is a last day rule for terms.

Because if you don't make the SH most years, you are constantly reminding your employees that you aren't making a contribution. We might. Um. Maybe next year? Nope. Try again. Oh, so close. But here's another notice. Uh-uh, not gonna happen. But you never know...

The company's name is in the SPD in a couple places. So, the SPD is changing. Why not do an amendment and SMM?

EPCRS on IRS site: http://www.irs.gov/Retirement-Plans/EPCRS-Overview Link to .pdf (first link on page) http://www.irs.gov/Retirement-Plans/New-Revenue-Procedure-Updates-EPCRS I don't have a ton of experience with filing under VCP. At my old job, we suggested our clients get help from an ERISA attorney.

Any loan corrections must go through VCP. No SCP.

I put a group like that in my system, even though it's not in the document. It's easier to allocate that way in Relius sometimes.

Pardon my ignorance: What happens if the mortgage goes into default and the property reverts tot he mortgage holder? Is this an exemption to the anti-assignment rules?

Are you guys trying to tell me that if I get my CPC designation I'll be drafted? Anyway, I'll play along: http://en.wikipedia.org/wiki/Conscription_in_the_United_States

Oh. Now I know exactly who you are talking about!

I just noticed there was a greater than 1 year break in service here (March '12 to October '13). I say you restart the clock, as the service-spanning rule is not in effect. If employment continues, the employee will become a participant on the entry date following January 25, 2014. The "year of service" requirement is there to say: if you don't work the requisite time, but work more than 1,000 hours you are in. It doesn't have anything to do with: Poor guy. You didn't work three months the first time around, so now you have to work 1,000 hours...

Test done. A lot like the practice exam (whew). Guess I'll find out in 6 to 8 weeks... BTW, went to the bar AFTER the test. Had a couple yummy Bass Ales.

Does the plan say 3 months? Or 3 consecutive months? (And would the service-spanning rules come into play in either case?)

A year of service is a 12-month period. Not 12 months and a day. Maybe just don't hire people on the first of second of the month...

Thanks, Tom. I'll let you know. But I would still like to learn it as a matter of personal enrichment.

Anyone know of any good resources for learning Crystal Reports for Relius Admin? Other than flying to Jacksonville for a few days?

1/1. No doubt. It's coincident with the completion of the 1 year.