Dazednconfused

Hi, A plan has a year end of 9/30, it amended for a short plan year to 6/30, and changed year end to 12/31. So one 5500 filing will be 10/1/07 through 6/30/08, then one for 7/1/08 through 12/31/08. Is it permissible to have two short plan years back to back? I cant seem to find much on the subject. Thanks in advance. Jason

Hi, Thanks for the assistance! Another question, which I don't think can be done, but I will throw it out there, can you have a group of participants receiving 7% and then a group receiving 6% safe harbor non electivce? I don't think you can and I woul agree with you Kevin a plan is better of to do the 3% then 4 % PS but clients are clients very demanding.... Side note, so a safe harbor match contribution can actually be 6% of compensation... I know the other match amounts are limited to the 4%. Thanks again! Jason

Hi, I have a plan that wants to elect non-elective safe harbor that is 7%, is this permissible? Is there a percentage limit that they can elect? Thanks! Jason

Hi, Plan has auto enrollment, if a participant wants to withdraw contributions, do we need to supply the participant with special tax notice, spousal constent? Thanks for the assistance. Jason

Hi, I am completing a annual trustee directed plan and was wondering when the participant statements are due? Is it Sept 30? If they extend what is the date? Thanks in advance! Jasofk

Hi, I have a plan that terminated on 12/31/08, there are a number of participants that terminated in prior years, do they also become 100% vested in all money types? I would think that they would otherwise they would add to the forfeitures and create additional headaches... Thanks, Jasofk

Hi, Question regarding auto enrollments, if participant is auto enrolled and then opts out and receives distribution, I am assuming that they are considered as 'to never have deferred' for ADP purposes, so they are zero for tests? Also, since it was auto enrolled, then opted out, a contribution will show going into/ out of trust. How is this reflected on the 5500? Do they negate one another and therefore not shown as a contribution or as benefit paid? Thanks, Jasofk

Hi, I am trying to straighten out when the participant statements are due to them per the PPA... For 'pooled' or non-participant directed, plans that have valuations once per year, when are the statements due ? What about semi annual valuations ? For plans that have individual accounts, such as smith barney, and the participants receive monthly statements, however, the valuation is only done at year end, when are statements due ? For those plans that have online recordkeeping, I believe that since they are receiving yearly vesting data that they provide them quarterly.. For plans that have quarterly valuations, I believe that they have 45 days after the quarter end, is this correct? I remember reading an article that originally yearly valuations also had 45 days but that was extended... however, I cant find the article again.... The participant statement and PPA notice (with vesting info and such) are one in the same for the due dates...correct? Any help would be greatly apprectiated Thanks! J