Bill Presson

I have a couple of suggestions as well, Archimage. Email me for specifics.

One other thing to look at is whether the document deems that the completion of the year of service for eligibility is completed at the end of 12 months or at the end of completing 1000 hours. That would make a difference in the entry given the information you provided.

Thanks for the kind words. Uh oh, did I miss a message from you Bill? I'll give you a call. Thanks for the call, Jim. As I mentioned on the phone, it was just a little ribbing. Thought I was going to have to call in the big dogs for help, but the Penchecks people stepped up and solved the problem. Appreciate the call and enjoyed getting caught up!

Penchecks has formed Penchecks Trust Company of America, (PTCA), a wholly owned subsidiary of Penchecks, Inc., chartered by the state of South Dakota. As of Monday, 11/15/10, PTCA has adopted its new IRA document. New IRAs being established through Penchecks will now be held by PTCA as the actual custodian. So you can tell them PTCA if you want to be specific. Full disclosure, I am a shareholder in Penchecks and director of both Penchecks and PTCA. Jim This is great and we've been happy with the distributions, etc. we've done with Penchecks starting this year. Not happy that you didn't return my email, though.

Wow. I noticed that there weren't any articles, but completely missed that note. Thoughts & prayers to the entire Baker family.

At the RANDUG meeting this week, Ken told us that about 50+ clients had installed 16.0, but only 2-3 of them were daily. The ASP rollout is the first weekend in December.

Kabert is correct. In addition, you can go to www.penchecks.com. Disclaimer: I have no financial interest in that company.

This is what we use. We have both the DC and Cash Balance proposal online systems and are very happy with them.

There seems to be a cross confusion of several items in this thread, so I think we need to make sure we're all on the same page. tertue: 1. are you trying to calculate a contribution for the employees or the maximum deduction amount for the employer? 2. do you actually have a plan in place right now? If so, what is the plan year? 1/1-12/31 or 6/1-5/31? 3. What plan year are you doing a calculation for? Maybe this will get us headed in the right direction.

Here's what the plan says: Plan Year means each 12-consescutive month period ending on May 31 Limitation Year means: Plan Year If your Plan Year ends each May 31, are you sure the 401(k) is a calendar year plan?

This has to be one of my favorite quotes of all time. No, giving the money back doesn't solve the problem.

We use Accellion. http://www.accellion.com/ I can't speak to the cost, but we have it for the entire accounting firm 280+ people. It's an outlook plugin and is very simple to use. I've been happy with it.

Yes to the easy question. Post to participant web, email, mail to home or handout pretty much cover the options, I believe. Open to new ones.

I'm going to stick with filing directly on the EFAST2 site. Actually stunned that I can write that. But I'll be very curious to see how FT William handles a much larger clientele when dealing with service issues assuming that many Relius users switch.

I don't have an issue with the tax withholding portion. We had some pretty good legal people look at that and we did it for years. Not so sure about the other part of the money, even if its a cash distribution. And now with the new EFTP process for withholding, we're shutting it down and moving all of our balance forward distributions to Penchecks.

This is what we did. After some initial bumps, it went pretty smoothly and we're going to do the same thing again next year.

Connie, it's often called a triple stacked match or just a stacked match. If you do a search on those terms, either here or on google, you might find more info as well.

I know there is an exemption, but for the life of me I can't remember where to direct you. I've had some small community banks in the past that did the same thing and I don't recall the requirements to be terribly onerous. If my mind shakes something loose, I'll post again. Maybe someone else will remember before then.

We told them to do it, but once we submitted the electronic version successfully, our work was done.

Same here.

It generally takes us 2-3 hours.

I think it's funny that they used that number as a reason to NOT grant an extension! Well, those weren't the ones having trouble complying, dingbat, I mean, DOL!

We ended up just using the Relius IFILE extract and then uploading directly to EFAST. My assistant got credentials and she has coordinated the filings for our entire office. We still have about 25 left to actually sign, but I'm confident we'll get it done shortly. It's actually been a pretty smooth process, except for several clients that refuse to actually read our instructions.

I know that a law firm here in town does the same thing. Doesn't really speak to whether it's legal or not.

1. Hope the govt extends the due date; 2. File without the audit to show good faith; 3. tell the auditor to be ready to pay for the the DFVC fees.