Bill Presson

Correct. I sent him a private message link.

This is a good idea. Maybe he'll believe that.

Sounds like Peter Gibbons explaining what is happening.

It's not. Just not a fan of constant advertisement type posts. If one wanted to do that and had been interacting for a while, I would feel differently.

Employers sponsor retirement plans, individuals (outside of IRAs) do not.

Unfortunately I've learned that it doesn't work when the ignored poster starts a new topic. 🙄

Dave, I do see that. Now I have to search to find the specific screen name I need. I was expecting it to be something like a click on the user's profile and that's where I've been hunting. Thank you very much!

I would have sworn there was an option to mute someone but I cannot find it. Maybe it never existed?

Acquired by ASC a few years ago.

Real estate agents are almost always independent contractors. That's the way that world works. Keep in mind that the SEP sponsor is the Real Estate Firm and not the 40 year old. So the contribution eligibility and contributions apply to anyone that is receiving earned income from the firm. Also, I'm always nervous when someone says "no qualified plan to speak of." They either do or they don't.

Was there an amendment to actually create the short year for each plan? That usually defines what's going to happen to the accruals.

without looking at anything, i'm pretty sure that's not kosher. But they could still adopt a PS plan for 2020 and merge it into the 401(k) plan in 2021.

None of us understand who is getting the PPP money, who is the PC, who is the employer, who is the plan sponsor and who is reimbursing whom for what. It just doesn't make any sense. Way to many players it seems.

You still need a plan with individual groups in order to vary the contribution by person.

When did the common ownership occur? Does the 15% owner of Company B work for Company B?

We aren't charging a restatement fee for any client that hired us in the past year.

Why would the "client" receive PPP money and not his PC?? Is the client also an employer? This is still confusing.

I can't find what I'm looking for, but aren't terminating plans required to roll force outs (unresponsive participants) over to another plan sponsored by the employer (or within the controlled group, if applicable)?

Sometimes this site provides bonus features not advertised!

All seems odd, especially the first one. The others may just be in there to see if you would catch it. Back to item 1, any chance they gave you a 3(21) contract in error?

Thanks. Fuzzy memory.

Peter, doesn't Florida still have a "document stamp" or some such tax on the books?

But you could do an -11g for 2020.

I would start here. It was their error (assuming your post is accurate) and the liability should be theirs. Start the negotiations with them paying for VCP.

Well, we know a voluntary amendment fee (for a change in eligibility, etc) is a settlor cost. So a change in recordkeeper (since it's voluntary), I would say we start with "no" as the answer. But if the sponsor and trustee document that it's a good fiduciary decision and in the best interest of the participants, I think the case could be made that it's a valid expense.