david rigby

But not as bad as being an Expos fan.

Red Sox Nation. The combination of paranoia and pompous.

457 is a section of the Internal Revenue Code. IRS

The Yankees won at least 8 straight payoff games measured over parts of 98 and 99. Sorry, I cannot find the exact number.

No. Your employer has a booklet describing the plan provisions. Called the "summary plan description", your first action should be to request one of these. Your second action should be to read it.

While reviewing the terms of that service contract, also check to see if it conflicts with plan provisions, and if the contract includes a clause that states the plan provisions will override in event of a conflict.

Gentlemen, Somewhat unusual, but if Joel L. Frank chooses to use multiple pseudonym's, that should not inhibit discussion. However, let's please stop the negative comments, which seem to be related to a disagreement over apples and oranges. If definitions and/or terminology are at issue, let's get them clarified. Then we can get back to productive discourse. Thanks.

So what if not "deemed" on the recordkeeping system. Is the loan "deemed" by the terms of the plan?

You guys could avoid all these problems with celebrations if you would just join me in supporting the Braves.

I agree. Don't see any "distribution event."

Yes.

Get one of these: http://www.irs.gov/pub/irs-pdf/p590.pdf 1-800-TAX-FORM. See page 58.

Maybe? - Death. - Taxes. - Cal Ripken. - Braves win the Division. - Braves don't make the World Series.

I always recommend this starting point when searching for information: http://benefitslink.com/buzz/new.html

freeERISA.com is a great resource, but it will have limited free access, generally only showing the prior two years. You can get other access for a fee, or a paid search. If you need actual copies of prior forms, probably only the DOL will be the appropriate source.

The confusion continues. Why are you still discussing baseball? The season has been over for several days.

Some reading: http://benefitslink.com/boards/index.php?showtopic=5508 http://www.watsonwyatt.com/us/pubs/insider...ent=The+Insider

It is my understanding that a plan or an amendment can discriminate against HCEs (or even among them), so establishing a maximum life insurance level (more properly, is that establishing a maximum death benefit?) should be permitted.

Note that under current indexing procedures (ignoring EGTRRA sunset provisions), it is likely that these limits will change every year.

Why? Did you tell sponsor the opposite? Before hand-wringing, don't forget to look at the dollar impact. If the unvested amounts are not much, then don't consider it the end of the world. Perhaps a viable perspecitve is to communicate to the EEs: "although we were not required to vest these amounts, we did so anyway...."

Such a big question. And open-ended. Many things of concern, including - whether terminating the plan is the best course of action, - what action is leading to termination? - is bankruptcy an issue? - is a collective bargaining agreement relevant? - any potential violations of plan provisions and/or regulations, and how significant, (for example, top-heavy or non-discrimination rules)? - any insurance contracts involved? - any unpaid ER contributions? - any unpaid EE contributions? - is plan sponsor being acquired? - is an audit required? - all 5500 filings up-to-date? - nature of the asset investments, and how easily they can be converted for distribution. Etc. I probably have omitted many items. Consider engaging an expert who has done this before?

Candidate for suggestion for 2005 Gray Book? http://benefitslink.com/boards/index.php?showtopic=26262

Segal's announcement is (of course) not official. But not difficult to derive. See chart at bottom of page 5 of Winter 2003 Enrolled Actuaries Report, http://www.actuary.org/ear/pdf/winter_2003.pdf. For example, to increase the 401(a)(17) limit, the increase in indexing was only 1.1%. The IRS announcement of 2004 limits was issued in October 2003, so expect the 2005 limits soon.

You can find PLRs back to 1997 here: http://www.irs.gov/foia/lists/0,,id=97705,00.html

Several prior discussion threads that might be relevant. Perhaps the Search feature would help. For example, http://benefitslink.com/boards/index.php?showtopic=11025