30Rock

Hi If the 402g limit is exceeded by 16 cents, what is the correction? Can the $75 de minimus rule under Section 6.02(5)(b) of Reve Proc 2008-50 EPCRS be applied since it will cost more in payment fees to distribute the excess than 16 cents? Should the participant include in his 1040 as taxable income, or is there a de minimus income tax rule too? thanks!

Hi I know this is an old link but I have a similar question. If the 402g limit is exceeded by 16 cents, what is the correction? Can the $75 de minimus rule be applied since it will cost more to distribute the 16 cents? Should the participant include in his 1040 as taxable income, or is there a de minimus income tax rule too? thanks!

I am not clear on how you satisfy universal availability? Assuming the For Profit has full time employees that cannot be excluded under the 20 hour a week/1000 hour per year rule, and do not meet the other exclusions, how do you satisfy UA if the For Profit does not have a 401k plan?

Is there a problem for contributing for 2009? If this is a calendar year plan, the 990 deadline is May 15, and the 415 deadline is not until October 15th.

What is the deadline for a Cycle E filer to adopt a pre approved plan if they are currently on an individually designed plan? If they sign an 8905 do they have until Jan 31, 2011 the cycle E deadline or do they have to adopt the plan by April 31, 2010? Thanks!!