401king

Yes. Simple one to be honest. Just because a participant takes a mid-year distribution doesn't exempt them from being in testing.

Curious why how this is a possible resolution. The contributions were late, regardless of who was at fault. Assume the worst - amending the 5500 flags the plan for an IRS audit. The IRS auditors find that the original 5500 was correct (with late contributions) and the amended 5500 was incorrect. It would appear that the Sponsor were trying to hide the late contributions. VFCP is a hassle, but not nearly comparable to a Plan audit.

This is incorrect as "Compensation" is only compensation upon being paid to the employee.

Ages 60, 61, 62 or 63 at year-end. (Adding age 60)

Anyone know if the EE election applies to all ER contributions, or specific sources? The "100% vested" caveat could prevent Safe Harbor contributions from being made as Roth if it's an all-or-nothing option. But giving EEs the option for each ER source is...not helpful. (Disc NEC, SH NEC, Disc Match, SH Match, QNEC, QMAC...).

An overfunding should be treated as a Correction, rather than a True-Up.

What is your role? Knowing your limits will help those here answer your questions. The truth is that it's straightforward enough that it seems unclear what parts you are missing.

Is it actually a new plan? In other words, did you terminate the Vanguard plan, or are you simply transferring the funds to a new company? If old plan is terminated (and you've waited the requisite 12 months to start a new plan) then it should be 002. If you're just switching companies then the Plan Name should remain the same and the Plan # should still be 001 (because it's the same plan).

The Plan Doc will clarify but typically a match must be uniform for all participants. May be able to reallocate it as profit sharing, though.

Could simply be a problem with USPS delivery - that is getting more common. You may request a stop-payment and have the check mailed to your home to reduce the risk of a bank associate misplacing it. They may have an overnight delivery or other option with tracking (for a fee).

Can LTPT receive Match without being match-eligible? And if match-eligible, would that require those LTPT to be in testing?

No exemptions from a 401k account - only for an IRA up to $10k for a first-time homebuyer but that does not apply to 401k.

They would be LTPT - the catch in the 'rule' is that it's a 500 hour & 12-month period. The example you used is less than 12-months. So the only easy 'reference' is 12-month periods; any shorter computation period is potentially subject to potential LTPT.

Client applies for a residential loan August 1, 2023. Paperwork supporting the purchase is not provided until today. The settlement date was August 7, 2023. Would you allow this to be a residential loan? Clearly the funds are not being used to acquire the home since the purchase has already settled.

Cross-posting from the IRA forums. A client has a 401k account and historically has funded a Backdoor Roth IRA (no other IRA balances). This year, he works for another company providing him a SEP IRA contribution. May this individual immediately rollover his SEP IRA to his 401k and still be eligible for Backdoor Roth IRAs for 2023 & 2024? He would have no IRA balances at the end/beginning of either year, but I do not know if the SEP contribution eliminates the Backdoor Roth option.