rcline46

Also, your document has to be amended to be a MEP. In my opinion, since each employer is tested separately in a MEP, I would do the look back for each one separately.

What, you want to keep the forfeitures in suspense? No way, the IRS says you must allocate or spend them at the end of each plan year.

Only if he is your primary beneficiary.

Something like pre-1983 this was acceptable.

Yeah, 70 1/2 just seemed like a propitious time to leave. Thank you all for the good wishes.

As of May 1st, 2017, my status will be RETIRED. And many will say it's about time. It has been a looooong fun run folks.

Remember a SEPP is really a SEP-IRA, and you have answered your own question.

I would carefully read what the basic document says about the match, and various documents do describe 'discretionary' differently.

My opinion, employer eats the premiums, deducts the premiums, and everyone moves forward.

Controlled group, 2 companies, new comparability plan. Must use component plans (restructuring) to pass a4 testing. So far so good - oops gateway rears up and says you must give me to those involved in the cross-testing. In the cross-tested, restructured plan, those who are in the OTHER plan are treated as if their contribution is zero - therefore no gate way. In the OTHER plan, testing on a contributions basis, there is no need for gateway. So is this true - we can avoid giving some people only their real contribution and not the gateway.

How about the challenger presenting their support first? Why should we be always on the defensive?

What 5330 and what 15%? Those apply to missed deferrals, not matching contributions. If they were Safe Harbor match then they need to be in by June 30th I think.

Be very careful of your document language. I think the Corbel prototype and volume submitter would need an amendment.

Seems to be a typical Common Paymaster set up, not a PEO or anything like that. For me, everything is fine.

Second owner gets a benefit of $1.00 per month at retirement.