tertue

Deferral to the ROTH portion of the 401k was started over 5 years ago with a minimal amount of 1k. Employee wants to do an in-plan conversion of 49k to ROTH account bring the ROTH account to 50k. Here's another question: If there is 50K in the ROTH account and 50K in the pre-tax account, can a loan of 50K be taken from the ROTH account since the overall 401k account balance is 100K?

If an employee takes a loan from the ROTH portion of their 401K, is the interest payment portion of the payback not taxable since ROTH profits are not taxable?

Is the 401k plan name the same as the trust name? If different, why? Would they need different EINs?

Is there a way to find out for sure the answer to the question? It seems like it go go either way, depending on who you ask.

Employee 1: 20% owner wife of Employee 1: 20% owner brother of employee 1: 20% owner wife of brother: 20% owner mother of Employee 1: 20% owner This is a C-Corp, with 1 employee (20% owner) as the only W2 employee. None of the 4 other owners participate in the 401k nor do they draw any pay. Use form 5500 or 5500ez?

I own and am the only employee (W2 pay) of a C Corp which administers a solo 401k of which I particape and which allows in-service withdrawals. I will be turning 59 1/2 soon and would like to know my options and the forms I will need to file particular to the option(s) I act on. I'm thinking of continuing to work for my company, but possible take a distribution from the 401k. Can I move part of my 401k to my Traditional IRA while still working for the company? If so, what forms would I need to file and what would go on the W2 and where?

masteff....what does the document you linked to mean in everyday language?

Is there anything "wrong" with letting an HRA rollover to the next year. For instance, if yearly HRA is 5K, next year would be 10K, next year 15K....so that it could be tapped into for a really big medical expense. Plan would be for a C Corp with only 1 employee. Participant may or may not have a health insurance plan in place or might be part of a healthcare sharing organization (like Medishare)..... therefore HRA would be acting as a self-insured plan. Basically wondering if there is a limit to how much an HRA can reimburse in a given year for medical expenses.

Does anyone have info on where to find a low cost HRA plan document provider and possibly an administrator? This would be for a 1 employee C Corp. Anyone out there have experience in this area?

Corporation employs 1 of the owners (W2 wages). I haven't found any information on the limits that a Corp. contributes to an HRA. I assume it can contribute any amount!?! Could HRA be used to pay for Health Care Share Ministry fees (as opposed to typical health insurance premiums)?

In order for a corporation to open an HRA plan, does the corp also have to offer health insurance? If not, is it necessary for employees to have individual health insurance plans in order to take part in the plan? I find a lot of information on Health Reimbursement Arrangements online, but not all of my questions have been addressed. Where is THE BEST place to get answers to questions on setting up, administering, etc.

Don't want to terminate the plan if possible due to costs. What steps would need to be taken for Company B to become a successor sponsor to Company A's plan?

Thinking for in the future: Company A has a 401K psp. Eventually Co A will dissolve, but a different Company B (doing completely different kind of business) will be formed with 2 of the 5 shareholders from Co A. Only 1 shareholder from Co A has ever had a W2/401k account and likely the same employee/owner will be the only 401k account holder in Co B. What is the best or easiest way to keep the original 401K psp for Co B? Or is this not even possible? Can Co A's 401K psp also be sponsored by Co B at the same time. Then when Co A decides to dissolve, just transfer the 1 employee's 401K accounts to Co B's 401k plan? Hope this isn't confusing, but I know what I'm talking about

What does the new legislation made during the fiscal cliff talks mean concerning the ROTH 401k? I have a ROTH 401k, but does it have to be amended to be able to do the new ROTH conversion? Here is what my plan document states under ROLLOVERS: Rollover Contributions are permitted (Section 4:05): YES - All Eligible Employees may make a Rollover Contribution even if not yet a Participant in the Plan Rollover Contributions are permitted from: All qualified plans and tax favored vehicles allowed under Code section 402 (Section 4.05(b) Also, can a Traditional ROTH IRA be rolled into my ROTH 401K?

If an employee has an outstanding loan from his 401K can he still make deferrals while paying off the loan?