Bill Presson

I would default to what the insurer calls it. FWIW, I've seen most insurance companies call it a stable value fund.

You said it was irrelevant as to why, but it may be very relevant. Companies don't just "change" EINs. So, if a new company was formed or the company was sold or whatever, you need to make sure the new company is actually legally sponsoring the plan.

Whatever you do, don't make the client's problem, your problem. Help them solve their problem and lay out the solutions. Big problems come with big price tags. It's not your fault the client didn't do what they should have done over the years.

Deferrals withheld from w-2 wages are subject to the 7 day safe harbor deposit rules and the ultimate "as soon as administratively feasible, etc" rules. So a payroll on 12/31 should be deposited within 7 business days to be confident of timeliness.

Entirely depends on the definition in the plan document.

Generally the Plan Administrator has the right to name a Trustee, including a successor Trustee, regardless of whether the former Trustee agrees. Assuming that provision is in the document, why would a current resolution/amendment saying that not suffice?

No. The repaid loan creates an after-tax basis in the plan when the distribution is ultimately made. https://www.napa-net.org/news/technical-competence/case-of-the-week-repayment-of-defaulted-plan-loan-after-deemed-distribution/

I worked at a large CPA firm for 12+ years. Having clients deduct contributions on a cash basis wasn't unusual.

I'm really confused about the discussion of including prior service. It's the same company. The guy didn't sell his company, he sold the assets of the company and changed the name. It's the same EIN.

I'm just happy this thread was resurrected since I missed it the first time!

Mike, go back and read your posts and the response. You specifically said "as an aside..." and then discussed 1000 hour and year end requirements for PS contributions. That's what K2 quoted and responded to. When you said "huh", I clarified.

We've always used the pay date. The 7 day safe harbor says if you get it in by then, no harm. Since it wasn't deposited by then, I think the loss date is the date it would have been on their paycheck, but for the election. I think this is similar to the 5500 late filing penalty. You've got till 10/15, but if you don't file by then, the penalty starts at 7/31, not 10/15.

There is no predecessor employer. It's the same employer.

Mike, just because everyone is in their own group, it doesn't mean they aren't also using allocation requirements for the PS contribution. K2retire is just saying that the OP might not have gotten the PS because he wasn't employed at year end and that might be a plan design, not an employer decision.

Create and sign the plan currently, with the current sponsor name and EIN, but make the effective date 1/1/18. No reason to have a short year or name change or anything. It's the same company.

" Your LTD benefits are reduced by other sources of income that are payable to you because of your total disability." I don't think any of the QDRO money is being paid "because of your total disability", is it?

Ms @LAHartline, I just want you to know that you've been one of my favorite "civilian" posters ever. You've been reasoned, prepared and responsive. That's rare for someone on this board that isn't in our business. I hope it all works out well for you.

There still seems to be a whole lot of information missing here. If there's $1.2 million in the policy (and that's not the face amount which is completely irrelevant here), then you can't say the plan has less than $250k. And you can't mark a 5500ez as final if there are still assets in the plan. Are there still premiums due on the policy? How long will they have to be paid or is it a "paid up" policy?

I would think it would depend on the sponsor. If the sponsor is a sole proprietor, how does it continue (other than a "wrapping up period") if there's no business? If it's a corporation, I would imagine it continues as long as the business is in operation.

The OP just said after tax and not Roth, FWIW. Not sure it makes any difference.

They do collect tax on the fees from the business that is paid the fee.

I don't see this as a late deferral issue. But why is the record keeper only doing one trade a week?

Voila!

Larry, Click on your name next to your post. It will go to the window allowing you to edit your profile. Near the top right, you'll see a small version of your name and avatar with a down carat. Click the carat and then click Account Settings. The Signature option is on there. Might be an easier way to get there, but I haven't found it.

Gotcha. Didn't see that in your first post anywhere. Sorry, ESOPs aren't my thing.