TPAMan

Income that comes in the form of cash is typically either a dividend or interest payment. The fact that it is reinvested has no bearing. That being said, it often gets tossed in with the net gain (loss) of the underlying asset.

The whole SSA reporting process is ridiculous! I have never seen an SSA letter connect anyone with a 'lost' benefit. Good luck!

Typically when we do distributions out of the country we withhold at 30%. Question came up for a participant with a ROTH balance. I am thinking that this would be exempt form the mandatory 30% withholding, but am not having any luck finding a cite. I am tempted to forgo the withholding as taxes have already been paid, but would feel better if I knew the IRS was on board as well. Any thoughts!=?

A 401(k) plan with Safe Harbor only contributions is generally exempt from the Top Heavy provisions. You can google for the cite.

I have always understund the regs to say each business that you choose to treat separately would need to have a minimum of 50 employees. The business with fewer than 50 employees would need to be agregated with the larger busineess as it does not stand alone as a SLOB,

The plan documents we work with stipulate 100% vesting at death prior to normal retirement age or termination of employment. If your document simply says 100% vesting at death, then you should probably to that.

"in-kind" distributions simply eliminates market risk. To sell, transfer funds and rebuy a stock typically takes several days. The price of the stock will change during the time you are out of the market. Transferring 'in-kind' removes the risk of missing out of gains (and/or losses.) Usually not a big deal, but in a volatile market, could be quite significant.

The code and regs certainly allow such a transition. The client's plan doc and/or the vendor contract may have incorporated wording which could disprupt the transition and require restatements or new accounts, but only because those are the policies and provisions the providers have chosen to include.

If the deferrals were never withheld from pay, then there can be no late deposit.

If the holding account is not inside the plan trust, then the amount contributed, including earnings, would be subject to annual additions. If the holding account is inside the trust, check the plan document for proper allocation of earnings.

Ditto on having trouble. Clicking on 'view new posts' is working for me this week. Last week I had a different work around and the week before that I had to open up all the forums. Good to have a challenge now and again. Clients and regs are never enough!

Run away!

So it takes 3 months for the 5558 extension to get posted giving the plan sponsor an additional 2 1/2 months to file. However, the EBSA is able to send out a late notice within days of your 'extended' filing. Yes, that could be a problem. Good news is that there are numerous easy solutions. What would be your favorite? Be nice!

Only have two we are waiting for in Web Client. Still would be nice to head home sometime tonight.

Anybody know if/why Relius Web Client fell off the face of the earth today? Nothing I have published showed up on Web Client. No response to incident submission from RA.