JanetM

Lori, I agree with you, the trustees of the t/or should sign the final 5500. The Trustees of the T/ee plan can't do it unless the T/or plans have named them PA prior to the transfer.

You are SOL unless you had an agreement in writing requiring him to move to money market or the QDRO defines a specific dollar amount. If this is participant directed plan then your only recourse to to the EX if you had something in writing.

Larry you are right - that would be cycles not year. Yikes, Andy just get a new watch!

Then he will be month behind. In 13.5 years he will have lost enough days to be right for one day once. - figure days lost 7,7,7,6 each leap cycle is 27 days. 365/27=13.5.

Andy, Save yourself the aggravation and trouble, just go buy a new watch. Or use the clock on computer or cell phone.

Never, all the months will now have 31 days. It will fall behind 7 days each calendar year.

FDIC is 100,000 for bank accounts - if investment is in CDs at bank the total in the retirement account is covered to 100,000. Believe the IRA coverage is more. SIPC - securities investor protection corporation insures participating brokerage firms and cover up to $500,000. But this coverage only is used if the brokerage firm takes the assets from the account and the funds are missing. Not if the market tanks the value goes to zero.

David, maybe tuni88 has one of those actuaries who don't communicate well. We had one of those for short time. He would answer questions in such a way it was obvious he thought you were a stupid and didn't understand the simples concepts. Or better yet, he would answer a question with such a technical explanation you were more confused then ever. tuni88 if you don't have a comfortable relationship with your actuary, I recommend looking for a new one. The group we use is wonderful and we are quite a team.

I think the same thing you do nut & Larry. The only thing I can find that is different is that PEO is more long term solution where you outsource/co-source the employees and leasing is more short term in nature. Anyone disagree, if so please explain.

OMG I always wanted a brother. Do you know my nephew TTTH? (talk to the hand)

Larry you missed the brother is "what do I care". WDIK you have the same relatives I do. Have we met?

This will only work if you record keeping system can handle all the different dates and such. Most systems will take difference in DOH and todays date or DOT to calc eligibility and vesting. You can't use ODOH or you will give credit for prebreak and break. I recommend fixing the document to prevent the pre break being added to post break for vesting.

Not you Larry, am betting rcline was GI. SNAFU was army slang first. For all you swabbys out there, tango uniform or tits up as some say - slang for dead or destroyed.

Sorry, only the reel to reel still works LOL. 8-track died when I rolled the Nova in 1981.

Typical GI....... still TU after 233 years Beyond all repair

Isn't glitch defined as "goobered up"? Years back while in the USAF we had technical term for it - FUBAR.

Dang Larry, I don't have any baseball cards. I will trade you some 8-track tapes of Who, Peter Frampton and Heart if you prefer.

I will trade you my control group with all the individually designed plans for all your VS and Prototype. I do have VS that I will get to file later.

I submitted 10 docs in A on 1/31/07, received det letter on one of them 4/01/08, nine are still pending. The original examiner of all 9 was reassigned, the packages transferred to new examiner who suddenly retired, and now we are told the 9 have been assigned to 3rd examiner who has yet to get to them. Submitted 2 docs in B on 1/31/08, other than the receipt from IRS that they received the package I haven't heard a peep from them. They are VERY behind.

John, Legal said it was MT. Because the MT agreement provides that trust company managed pension assets for more than one plan sponsored by related companies in a single trust account. The interpretation was that "single" trust account, even though it didn't pool plan accounts, made it MT. The arrangement was in place form 1995 to 2005 and was never questioned by auditors, IRS or DOL. 5 of the plans were audited and nothing was said about the MT or the fact that plans didn't pool the assets.

John I don't agree. Years ago, when were still the buns to guns group, we moved all the plans to single trustee and put under single trust document. Each QP had its own investments. Because all the plans were covered by one trust agreement the legal opinion was that this was MT. It didn't matter that none of the plans shared assets, it was the fact that there was single trust agreement that covered two plans.

Larry, I understand your reasoning to the log out & log in part. But it begs the question, how come it didn't do this in the past? Have been on boards for quite a few years and this is new this summer. Hope you therapy sessions are helpful. Tee hee.......

Dave, I fire up the pc, click on book mark to get to benefitslink and click on message boards. I am on almost daily and system remembers me, it says you are logged in as JanetM.

Seems to me that is fiduciary breach to pay $11,000 of plan assets out on unneeded expense. If I were participant I would be upset at loss.

Make sure you have good forfeiture language in your plan. Now you have person who is deported to another country and you don't have valid name or SSN to figure out who to pay. You will now have missing participant on the books forever (unless you charge participant accounts directly for fees that will eventually eat up the balance).