mphs77

In my humble opinion, If you are not performing services for the SEP, you should recommend that the SEP administrator and/or service provider address any issues in which the SEP is involved.

I would think that so long as the Plan passes coverage and non-discrimination, then she would get no accrual.

What if the persuader is a decision-maker? Is the election to contribute freely elected? Sounds to me to be so bad on so many levels.....

true we can all use some humor in these "dark" days... but these made my day just a little bit darker! (just kidding)

If the Employer's Name changed did the EIN change as well?

Depends on when they adopted the MEP.....

If the Employer in question has already adopted the MEP then it would not be a successor plan (it is already in place) so the 1 year exclusion does not matter.

Don't forget that the potion to deduct from earned income as 1/2 of the self employment tax will need to be adjusted for the portion of Social Security tax paid (the 6.2% portion) while an employee.

I think the independent appraisal would be from a Chef......

Is the Canadian portion paid on a W-2?

What does the document say the definition of compensation to be?

I have normally called the agent and told them it was put in the mail on that day and they have not had any issues with it.

NO it does not count as the lyrics have been changed (to protect the innocent). Someone, please.....MAKE THE BAD MAN STOP!

Tom, This is all on your head......

I would have hoped the lack of an Actuarial Song of the Year category on last night's Grammy awards might be corrected next year. But with tunes as we have received in the past week or so, I am not sure that is a good thing.....

If the participant does not take the policy as part of their distribution, wouldn't the Trustee surrender the policy?

I don't believe you can file an EZ for 2015 as the Plan had a non-owner participant at some point in 2015.

I had a client with a similar set up years ago. It worked for them as they passed ACP.

there is always Fiduciary Liability Insurance to calm their nerves.

or a drinking problem......

How big a mess you ask? The possibilities are endless, but it may be possible that all the work done for the "Client" is incorrect.

Did you mean 5 people each own 20% of a business?

What happens per the plan document if an ongoing participant maxes out? Say if John Doe reached his 401(k) max in October, would he get match in November and December? I would think it would be the same for a newly eligible.

Medical insurance inside a 401(k) Plan? Or do you mean the Sponsor of the 401(k) Plan is considering to allow employees to sell part of their accrued vacation time?

A lot of questions come to mind..... 1. What do you mean by related companies? Affiliated Service Group? Controlled Group? 2. How does the plan define compensation? Might it be only from one of the two "related employers"? 3. What types of business entities are the "related employers"? So many issues and so little time.....