BG5150
-
Posts
4,802 -
Joined
-
Last visited
-
Days Won
155
Everything posted by BG5150
-
Anyone else doing the CPC Modules?
BG5150 replied to BG5150's topic in Continuing Professional Education
Do they pay up front or do they reimburse you? If the former, maybe you can say, "I'll front the costs if you reimburse me when I pass." This way, there is no risk on the Employer's part. -
Anyone else doing the CPC Modules?
BG5150 replied to BG5150's topic in Continuing Professional Education
Is that a cost thing? Or they think you are so busy that you can't study for more than one at a time. I found that the 5 months I took was enough time for the first 4. (Though I kind of lollygagged through April & MAy and had to buckle down in June) -
Are these mandatory after-tax contributions, perchance?
-
Anyone else doing the CPC Modules?
BG5150 replied to BG5150's topic in Continuing Professional Education
Lots of trepidation pushing that *Submit* button. But passed! 2 more modules and the Exam to go! -
Can anyone point me to the most recent guidance on the elecrontic delivery of the 404(a)5 notices? I thought it was EITHER the "usual" rules under 2520,104b-1(c ) OR the alternative rules TR 2011-03R. I was informed there is more recent guidance, but can't find it.
-
Usually the document preparation has questions of disposition of the forfeitures in the SAME year or the year AFTER. I've never seen a year BEFORE option.
-
For a small fee, I'm sure, the amendment can be rescinded or changed to reflect a later date.
-
Anyone else doing the CPC Modules?
BG5150 replied to BG5150's topic in Continuing Professional Education
3 out of 3 passed so far: Investments Fiduciary Topics Distribs & Loans To go: Related Groups & Business Transactions -
ING does this. It doesn't lose much, but can and does sometimes. I thought it was odd, too.
-
This is something I never understood: The SMM (in this case) would not have to be delivered until July 31 2014. So, in theory, it could be over a year before someone could find out about something like this? How does that work? Should the ER have to tell people about this right away? And if they do (via payroll stuffer postcard, say), why the need for an SMM?
-
Rollover. That's what it was. First line of your excerpt is also a clue: (emphasis mine) This wasn't an obligation of the employer.
-
Crunch time! Due by Friday! 80% done.
-
In a bear market, a (shorter-term) loan can be a boon, as you will repurchase shares at lower prices than originally sold. It's a type of market timing that may or may not work out for the participant.
-
GMK, I think the allowance for loans stems from a (perceived?) participation issue, rather than a benefit at retirement issue. Offer the opportunity to have at least some access to the money and more people can be induced to participate. Good for the employees--they are saving for retirement Good for management--more rank & file participating, the better for allowable HCE deferral rates Good for asset providers--more assets under management, income from fees (though that offsets the AUM) Good for the brokers/agents--more commissions Good for the TPA--generate fees for processing and administering loans Good for the economy--proceeds from loans going to either pay off debt or purchase goods and services Good for CE providers--yet another webinar they can charge for See a downside yet? I don't.
- 36 replies
-
- 1
-
-
- Cryptic VCP comments
- Was this code?
- (and 4 more)
-
But setting standards stifles the creativity of the auditors. Who wants audits where all the same parameters must be followed? Not me. My fees would suffer. I'd be spending a lot less time preparing for and responding to auditor requests, thus lowering my billable hours. I think we need MORE ambiguity, not less!
- 36 replies
-
- 1
-
-
- Cryptic VCP comments
- Was this code?
- (and 4 more)
-
You can apply it to just new people. On many pre-approved document platforms, there are choices to pick that accomplish just that.
-
Like MoJo said, isn't operating the plan in a tax-qualified way in the "best interests of the participants"?
-
Nor would the government, right?
-
In the OP's case: is the client supposed to call banks and say, "what would have charged me July 7, 2010 for a $4,500 loan to be paid back in two years?"?
-
From the 2011 IRS Phone Forum transcript:
-
Beneficiary of account is an old boyfriend - Can family change after death?
BG5150 replied to 401king's topic in 401(k) Plans
Unless the participant got married, or unless you can prove some malfeasance, I don't know of anything that would cause such a change. -
Where does it say that the foreclosure must be imminent? Just curious.
-
Depends on your browser, I think. I use Firefox and I get he squiggly red line after I type worng. IE 10 has it as a feature, too. It works in Safari, as well. I believe for previous versions of Internet Explorer (ie, before 10) you have to download a plug-in for it.
-
See this thread. It has a link to an IRS publication that deals with educational deductions. http://benefitslink.com/boards/index.php?/topic/28856-hardship-withdrawals-for-post-secondary-education/
-
But maybe 4% is enough to pass the ADP test each year. So someone making $200,000 a year could put in 13,500. Way more than just a $5,500 catchup. Maybe the company want to put in a 21% PS.