Buffys Redrum

Is the accounting cash or accrual? An accrual basis allows either '17 or '18. Cash basis may require 2018 (the year of deposit). The accountant may have the final say.

Couldn't the document exclude Group A from Employer Match, where Group A is defined as employees receiving other company benefits? Provided the document can permit an excluded class of employees, and you pass coverage, nothing jumps out that it wouldn't work. All depends on the document.

Not as yet. Once the other two account balances are distribute, and provided you are the only eligible employee of the 401(k) Plan, can you file an EZ. Are the account balances small enough where they could be forced out?

Make sure the rollover is permitted by the DB Plan document (this may go without saying - but may simplify everything if the document says "no rollovers").

Maybe not the actual example referenced - but think about: Cement mixing 4-person non-family partnership with ownership of 32% 32% 32% and 4% - Eligible for 5500-EZ filing (all participants are partners), cement mixing not considered professional, and the 4% owner does not directly own more than 10%. The AFN is required, the SAR is not required. We send the AFN with the Form 5500-EZ, to be distributed BEFORE the 5500-EZ is mailed.

Not to seem "old school" - but when did it become tolerable to use Schedule Cs when dealing partnerships? What happened to Schedule K-1s and Page 2 of Schedule E? Are we really discussing Schedule Cs for partners in a partnership?

Wouldn't you retain the same firm who did the appraisal(s) the previous year(s)?

Only if the children are indeed partners, with actual direct ownership, would they be considered partners.

When the employee brings up that topic at dinner with spouse, I wonder how that will turn out? Spouse might have other ideas.

Speaking of favorable => $10,000 P/S with a $28,000 W-2 is 35.7% for an HCE - might seem discriminatory - but I'm assuming that wasn't the underlining question.

Mathematically? Or the idea that they're running out of money?

Does it make a difference if the 401(k) Plan AND the business both started in 2014 (after the year in which he turned 70 1/2)?

If married 11/15 and the plan was established 11/16 (the day after) - the plan would be eligible for a Form 5500-EZ filing for the 2015 plan year as an owner-and-spouse plan.

The Keys had to have had the ability to elect to contribute, or not contribute, in 2014. It's reasonable to think the reason Keys were excluded in the plan document was because they did participate and the Non-Key HCEs got tired of the Keys making the test results worse. Including the Keys for testing, but not allowing them to participate, seems prohibited.

Maybe I'm confused. Keys were excluded from participation. Amazingly - Keys deferred 0% (since they didn't participate), and now it seems like a good idea to have them added to the plan. Instinctively - I would say it's too late for 2014.