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Mike Preston

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Everything posted by Mike Preston

  1. Mike Preston
    Don't know whether this changes the analysis or not, but I think the OP meant to say "not TopHeavy".
  2. Mike Preston
    If you are not sinking, you are floating!
  3. Mike Preston
    Floating.
  4. Mike Preston
    Has the plan sponsor ever maintained a plan before?
  5. Mike Preston
    Technical term = S-Corp dividends
  6. Mike Preston
    Can you elaborate?
  7. Mike Preston
    David, please stick to lawyering. Your example would be actuarial malpractice if submitted by an actuary to a court. I don't have time to lay it all out for you but basically you are comparing apples to oranges and assuming they are the same thing. Your $1,667 is payable to the alternate payee for as long as the participant is alive. While your $1,500 is payable for a potentially much longer period of time. To merely subtract one from the other without making an actuarial adjustment is not the way it should be done.
  8. Mike Preston
    You missed [t](s)he[y]
  9. Mike Preston
    Why wouldn't you handle contact with the PBGC? What service are you providing to the client?
  10. Mike Preston
    I would agree that 0% is less than more than 50%.
  11. Mike Preston
    Not relevant, don't you think?
  12. Mike Preston
    Huh?
  13. Mike Preston
    Why do you think it unlikely? They are set up as Trustee of the specific plan they participate in. I know firms that have dozens of these. They trace back to when 401(a)(26) was amended so as not to apply to DC plans.
  14. Mike Preston
    They want separate plans because they need separate plans. Each plan is trustee directed. No discrimination. IRS has blessed this arrangement for years. Holland and wickersham yes wickersham are on tape specifically stating that this design works and is not discriminatory.
  15. Mike Preston
    You are correct. Blame it on jet lag.
  16. Mike Preston
    This is amazingly confused. Why are you listing catch-ups of any kind for somebody age 55?
  17. Mike Preston
    This is 100% not the way to go. Strong letter to follow.
  18. Mike Preston
    Don't look a gift horse in the mouth.
  19. Mike Preston
    Have them signed now.
  20. Mike Preston
    Optionally.
  21. Mike Preston
    I consider it a promotion to be confused with Mr. Presson! Esq or not!
  22. Mike Preston
    Don't think so.
  23. Mike Preston
    In the case mentioned I thought minimum funding was extended?
  24. Mike Preston
    Isn't bri's description what you want? All you need is to program the permitted disparity factor and covered comp.
  25. Mike Preston
    If you fifth your own are you an alcoholic?
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