Bill Presson

The insurance remains a welfare plan. In order to deduct premiums on a pretax basis, you need a cafeteria plan document, so you would have both.

You posted in another thread that you were being told that you weren't the beneficiary. This might be part of the answer. If the QDRO was filed (even if you weren't aware of it), then his first wife might be the beneficiary and that's why you can't get any specifics. Definitely time to contact an attorney and quickly.

We always have them moved to the money market/stable value option. Since they'll be moved soon anyway, no sense in risking a loss.

The deduction limit for money purchase plans is 25% of covered payroll; the same as profit sharing or paired plans.

Refund what?

You need a new accountant.

I'll take a shot: I'm going to say that a retirement plan consultant can't perform the audit, unless he/she was also an accountant.

You can find them here: ERPA materials

It let's you run a projected ADP/ACP test late in the year and see what is happening. If you pass or are very close, you might not do the SHNEC. It just gives you some planning options.

Do refunds and use the "QNEC" money to pay bonuses to the HCE's to let them defer back in to the plan.

Yes. Dental and vision both qualify as accident and health.

Well done, Boris!

The only "last day" requirement that I've seen in a cash balance plan is used to be in a specific allocation group. For example if Physician A is employed on the last day he is in Group A. If not, he moves to Group C which receives the required minimums.

I'd make Shemp do it. hahahaha Seriously, though. Is there any kind of contract between the employer and the ins co? That might spell out who is responsible for what. If you can do a DFVC filing, I believe $1,500 would be the total penalty because it's capped at two years, no matter how many you file. I don't remember what the DFVC program says about 5500's that far back, but you (the ER) definitely needs to use it.

I think what you are doing (have done) is usefull. I run a benefit consulting practice within a CPA firm and we do something similar on many of the benefit audits. The problem is going to be getting someone to pay you to do it. I don't think many CPA firms are going to be willing to pay you for the work. While it can be very useful to the client, it isn't required for the audit and fees are squeezed tremendously now as it is. Adding an extra $1,000 or so to the audit, probably won't be very well received. I don't mean to discourage you, but you'll have to be able to answer the questions from the CPA side: 1. Why should I do this? 2. How can I pass through this cost to the client? 3. How is the client going to see the benefit? Hope this helps some. Good luck.

Does the same to me. I just right click and have it open in a different tab.

But in this case he said he got emails and was asked to attend meetings and ignored them all. I think it's time for him to put on his big boy pants and start paying attention.

I gotta say, y'all crack me up. Either you don't actually do recordkeeping in the real world or you are perfect and have perfect clients. The prefunding cite is to keep people from depositing deferrals before an election is made and/or to prevent a deposit to accelerate a deduction. None of which is the case here. All to proposed solutions involve hours and hours of time with 0 benefit to the client or the participant. And I'm not saying that the proposed solutions aren't precisely, exactly correct. I just know that in our shop, we would most likely do exactly what MKELLY9522 proposes to do and offset the next deposit. It's almost dead on to the spirit of EPCRS by putting the plan back to where it would have been absent the error. If an employer asked what was available to correct the issue, we could lay out all the alternatives and this is what they would pick. I would be happy to discuss the issue with an IRS or DOL auditor.

That is what I am saying. Yes, I am. I am seeing that phrase. The date and time indicated are "July 11 2008, 04:18 PM". Thanks for your attention. Dave, same here, with essentially the same date. Seems like around that time, everyone was having to log in every time they visited instead of remaining logged in. I believe you made some changes to the "cookie keeper" that kept people from having to log in each time. I think that may have frozen everything in time. FWIW

Assuming Johnny is under age 21 (which we haven't been given), why doesn't he own 100% of both organizations via attribution, thus creating a controlled group?

The info goes in Part II.

We did this almost exactly as you describe last year. All our external attorneys blessed it.

Bird is correct.

I'm 99% positive that the only exemption is for a single owner or husband/wife ownership. Two unmarried owners are required to have a bond.

I scored 43, but I think there were a couple that I was right, but it scored me wrong, I'll have to check. 4-5 I didn't recognize. I'll have to brush up. SEC media days started today here in Hoover...quite a group of coaches in the SEC now. There are 5 coaches in the SEC that have won a national title. Only a little more that 30 days to kickoff! Roll Tide!