JanetM

That would be Multiple employer - not multi.

Nope not if partially vested. Forfeiture in that case happens the earlier of the year in which the participant takes a distribution or after five one year breaks in service. Am thinking it is 411a6A to 411a6D as the cite. Could be wrong.

My understanding is you can claim costs of hand controls or other such modifications in order for the disabled/sick person can operate the vehicle. Second - you can't include an item that is ordinarily used for personal unless it prevents or alleviate physical or mental illness. Seems odd that the doctor would suggest something high off the ground like an SUV. Person with that sort of ailment would have harder time getting in and out - seems to me that a mini van would be more appropriate. Note for full disclosure - am five foot tall and drive 4WD Explorer.

Yes. a plan document can provide that a participant with a vested percentage of zero will be deemed to be cashed out. This allows the forfeiture of unvested accrued benefits to occur immediately at severance of employment

Actual language from one of our plans. All contributions to the Trust Fund shall be paid over to the bank or other person or persons selected by the Plan Sponsor as Trustee under this Plan (or to such successor trustee with whom or which the Plan Sponsor may enter into a Trust Agreement to fund the benefits under this Plan), including a trustee of a master trust. The Plan Sponsor may remove any trustee at any time, upon reasonable notice, and upon such removal, or upon the resignation of a trustee, the Plan Sponsor may designate and appoint a successor trustee; provided, however, that no such removal or designation and appointment of a successor trustee shall have the effect of or result in the use of any part of the Trust Fund for any purposes other than for the exclusive benefit of Participants or their beneficiaries or the payment of expenses under the Plan.

Well, IMHO, I would mark 9a as being insurance, since you have to file an A for stop loss in funded welfare plan. 9b - I checked the preparers manual - which says: Stop-loss coverage is not a benefit but a reimbursement to the plan or plan sponsor. Do not consider stop-loss coverage when answering line 9b My interpretation of marking insurance - you only do it when the insurance company pays the benefits to third party or plan participant/beneficiary directly.

Multiple employer plan is plan sponsored by one company which allows at least one unrelated company to adopt and participate in. Example of how new one might come about: Company sells or spins off a division/unit/company so that is it no longer part of the original company. Multiple employer plan arrangement allows newly formed company to continue to participate in plan. Not used for control group entities - those are considered single employer plans. Both companies are responsible for running the plan in compliance with the plan doc. Multiemployer plans are usually sponsored by a union group. Arrangement allows any union employer to sign on and participate. Example - Sheet Metal Workers National Pension Fund - any SMW employer can sign on to participate. Union sponsoring the plan is responisble for operations, employers are simpley required to remit hours and contributions to the plan.

If plan is multiple employer and entities are not related - could you disaggregate him for having less than a year of service in B?

Your client can appeal the denial. Then he would be entitled to a written explanation why he is limited. If the plan does not allow distributions he won't get one.

Interesting plan design. Seem like a round about way of administering a plan. The service credit will always lag, that is nature of DB plan. We sometimes don't have valuations done until late summer and show the updated service credit.

Sorry I can't answer your question. Am very curious, what is stamp plan?

PiP gives good advice. The limit on EE deferrals doesn't impact the company at all and is good recruiting and retention item. I always thought QED was quickly end discussion, not quit eating donuts, LOL that is the only hope I have to gain weight.

That is odd. The Plan would file the 945. I did a bit of research and found the attached. f945a.pdf

Am curious, what from do you file to show the tax withheld?

We do it they way you described, the loan fee coming off the top and being amortized. I have seen it done both ways. Years back when I was on TPA side, the loan fee was paid from the account not the loan proceeds.

The wording in 401(a)(31)(A) reads "eligible retirement plan" as in singular. There is nothing that states you must aggregate plans in figuring balance.

If A and B are CG then his service with A counts toward vesting under B.

Not clear cut issue. You can't ignore service prior to effective date of plan for eligibility. You can, but don't have to, ignore for benefit credit.

We extended the insider definition to anyone working at HQ or at HQ of any operating companies in the control group. 2006-107 says that you can't restrict the co stock trades more then the fund trades. Look at it like this, some mutual funds now impose charge if you sell less than 30 days after you buy. Look at how your funds are restricted and do the same with the stock. If you don't have any funds that prohibit excess trades (doubtful in my mind) then add that rule to the plan - after giving proper notice.

Guam is US territory. They pay US federal income tax just like we do. Give them a 1099R. Withhold the statutory 20% for lump sum. Form depends on the filer, will be 945.

RCK how actively is the stock traded? I agree with not allowing company stock transactions for period around earnings announcements for those who have insider knowledge but that doesn't apply to every person in the company. I can only see the limits on buy back after selling if the stock is thinly traded, these churnings could bid up the price. For thinly traded stock I would envision minimum 14 day - maybe even a 30 day window after sale if person wants to buy back.

Thats not how I read it. I do see top 1% pay about 36% of the tax.

John G, There were big stinks when Social Security became taxable, when the deduction for credit card interest went away, when the AMT started hitting middle class folks. Congress will one day see the huge pile of untaxable money and change the rules to get some of it. Like I said earlier, I am cynical.

Try Pub 17 - chapter 17 p17.pdf

Yes you have to claim it if you are a MI resident and you are required to file a return. MI tax form starts with AGI from federal return. Then you list subtract all or part - depending on the source - up to that years limit. Not sure what the limit is since I left the UP of MI in 1994.