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GMK

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GMK last won the day on May 2 2019

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  1. As promised, I didn't mention it in 2017, … but lo and behold, here it is again, my favorite sleepy, dusty, delta day. Hope you are all well. It's still fun to read your comments about the things I used to work on. My replacement at work gets updated here, too, so keep up the good work.
  2. Thank you to everyone for the useful and informative information you have provided on these boards. I have learned much more than I expected to when I signed up. And thanks to Dave and Lois. Today is my last day as an employee (and plan administrator). I'll be looking in from time to time, because there are some interesting subjects to be discussed and questioned in the coming years, and because so many of the posters on this board provide informed, accurate answers. Thanks again. GMK ... out.
  3. As expected, I think. As I finish out my last day as an employee and plan administrator, I think it would be cool if elected officials had fiduciary responsibilities ... like that would ever happen. (Probably should have put that comment in humor.)
  4. Maybe also check the SPD. (I don't know if this information is usually in a DB SPD.)
  5. If the 25% is paid with after tax money, you do not add it back into the W-2 taxable amount, because it wasn't subtracted from total comp in the first place. Take total comp and subtract 401(k). Does this leave the W-2 taxable amount?
  6. Without a cafeteria plan, the employee pays the premium (25% of the total premium) with after tax money, right? That means that the payment is part of the taxable total comp on the W2, no? In other words, if you had a 125 plan, you would subtract the 25% amount from taxable comp, but there's no 125, so you haven't subtracted it ... or have you? Maybe I don't understand the situation ...
  7. Sometimes there are options to get at the funds if you have achieved a superior age (which means if you're old, like me). Following 401king's advice, that would be something to ask about when you contact your HR people.
  8. ... delete the notifications that are listed in the pop-up window when I click on the Bell symbol at the top of the page.
  9. I was thinking one could mine for the number of plans over $50M and subtract that from the total number of plans, which is/was 638k according to this: http://www.americanbenefitscouncil.org/pub/e613e1b6-f57b-1368-c1fb-966598903769 Not perfectly accurate, but we're estimating.
  10. Other threads on BenefitsLink have me befuddled about the meaning of the word "accrue" For my personal edification, would you please 'splain what "accrued" means in your sentence? Thanks.
  11. While the plan language that t & c quotes seems clear and makes sense to me, I have come to realize (after the discussion in another thread a couple days ago) that I never understood the true meaning of the word "accrue" and the proper ways in which can be used. To avoid mistakes, I have banned "accrue" from my vocabulary indefinitely.
  12. Interesting question. In my brief search, Mr. Google finds lots of information about total assets in 401(k)'s and lots of per participant information, but not by plan. Could this be something the 5500 people know or can pull out of their data base easily? And if anyone is starting a count, we're one.
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