GMK

and a happy 12/12/12 to you, too. Also, to use NUA tax treatment, you need to take a lump sum distribution.

I don't have a cite for you. Someone out there may. I'm just saying that as long as the person is an employee, going on paid vacation does not change her/his status as a participant in the 401(k).

Keep deferring. If he's still an employee, vacation pay at the end of his career is treated the same as vacation pay during any other period of his employment. Could change company policy and not allow vacation after notice of termination. Just pay out the accrued vacation at termination. Seems a little strange that the company would approve 6 consecutive months of vacation except in rare circumstances, but it's their choice.

There was no clear answer 2 years ago: http://benefitslink.com/boards/index.php?showtopic=46276 Any news since then?

zero I agree with you that taking the first RMD in 2012 avoids two in 2013. The RMD amount for 2012, however, is based on the 12/31/2011 balance.

You meant (based on the 12/31/2011 value) for the RMD for 2012, yes?

You can invest in a Roth, but you have to have some earned income, because ... If you meet the eligibility requirements, the most you can invest in your Roth is your earned income, up to the federal limit (in 2013, $5500, or if you are at least age 50 by the end of the year $6500). http://www.ira-basics.com/roth-ira-eligibility/

Are these two different plans, or am I missing something?

Happy Thanksgiving, everyone. One of the many things for which I am thankful is the great group of people who post on BenefitsLink message boards. You rock!

And didn't Mr. Pilgrim's picture used to be in color instead of B&W? What's up with that, yo?

What I'd do is a slight change in procedure. The ESOP distributes the shares to the inherited IRA (with a stock certificate issued), and the company immediately and automatically buys the shares back with the check. The stock certificate never leaves the company. As soon as the certificate is created, it gets cancelled, and the check gets mailed. This gives a distribution from the ESOP in shares, the distribution is to the inherited IRA, and the buy back is a separate transaction in accordance with the stock ownership limitations. The plan document may already have a clause requiring the company's immediate and automatic purchase of shares distributed by the ESOP.

Half of the people can be part right all of the time Some of the people can be all right part of the time But all of the people can’t be all right all of the time I think Abraham Lincoln said that - Robert Allen Zimmerman http://www.bobdylan.com/us/songs/talkin-world-war-iii-blues

They were included in a proposal an advisor submitted for our RFP last year. We didn't go with the advisor, so we haven't worked with them. From my notes, you may still be involved, but I'd ask the advisor what your role would be in the new arrangement, just to be sure.

If you meet the requirement in every 12 month period, then you meet it in any 12 month period. The only way to meet it in any 12 month period is to meet it in every 12 month period. If there is a single 12-month period during which you didn't issue the notice, then you didn't meet either the "every" or "in any" requirement. So, what's the difference between: at least once every 12 month period and at least once in any 12 month period ?

See, here it is again. 10/11/12 And tomorrow, thank you to all veterans.

If I send a notice on 8/30/2012 and another notice on 8/29/2013, haven't I issued 2 notices in the 12 month period? Why do I need to back up a day every year?. If I issue the notice every 8/30 of every year, then every 12-month period you can imagine will include at least one date on which I issued a notice. Of course, be prepared for some nervous people when August 30 is a Sunday (and when the Mayan calendar expires). Until then, I'd look for some DOL clarification.

This is your answer. Just find out what the plan doc allows/requires.

Don't know if it is related, but I'm getting this message at the bottom of the page: IPS Driver Error There appears to be an error with the database. You can try to refresh the page by clicking here. (edit: clicking here doesn't do anything.) BG's cape still flaps in the wind, and I can read all the comments just fine, but the font is different. Dave will get this fixed.

This newsletter (June 2007) http://www.ars401k.com/news_0101/07_Military.html ends with this example: Example - Deductibility of Make-Up Contributions If the employer makes a contribution on March 4, 2006, to make-up a 2004 profit sharing contribution, the employer should be able to deduct the contribution for its 2005 taxable year since the contribution was made before the due date of that return. Alternatively, the employer could take the deduction in 2006, which is the year in which the contribution is made. Apparently the employer cannot deduct this contribution on an amended 2004 return, but still don't know for sure if it's the same for the employee's make up deferrals.

From the general instructions for W-2's: http://www.irs.gov/instructions/iw2w3/ch01.html "Uniformed Services Employment and Reemployment Rights Act of 1994 (USERRA) makeup amounts to a pension plan. If an employee returned to your employment after military service and certain makeup amounts were contributed to a pension plan for a prior year(s) under the USERRA, report the prior year contributions separately in box 12. See the TIP above Code D on page 15. You also may report certain makeup amounts in box 14. See Box 14—Other on page 17. Instead of reporting in box 12 (or box 14), you may choose to provide a separate statement to your employee showing USERRA makeup contributions. The statement must identify the type of plan, the year(s) to which the contributions relate, and the amount contributed for each year. " And in the W-2 instructions to the employee, it says that if a year is listed after a "D" (elective deferral to 401(k)) in box 12, then the person is to go back to the year shown to check if they made excess deferrals, and if no year is shown then the contributions are for the current year. From all this, I'd guess they should go back and adjust the applicable previous years' returns, but I didn't find where it says that explicitly.

Amen to that. From out here at the western fringe of Sandy's giant swirl, we send all our best wishes to everyone on the coast and in the huge affected expanse westward.

Check the plan document section on vesting. I would guess that it will say that you count all years of service, including those from before the rehire, for determining vesting after rehire. You likely do not count service after the rehire in determining vesting prior to the rehire, but that probably doesn't matter here.

Yes, my alley is littered with such jokes. I'll probably use the OK joke. Thanks.

Happy Mole Day from 6.02 am to 6.02 pm on 10^23 Enjoy

Quite so. I think it's because the name "golf" was already taken ... or something like that.