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Mike Preston

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Everything posted by Mike Preston

  1. Mike Preston
    I have nothing constructive to say. But I would have plenty of things to say if it weren't the time of year where I had no time to say them. Simple huh?
  2. Mike Preston
    100% of pay formula, effective 2015, with comp of 200k and assets are only 85k? Hope has indeed left the building.
  3. Mike Preston
    The only reason contributions are made on 10/12 is because some clever advisor has told the client that the due date for contributions is the due date of the extended tax return. Betcha betcha.
  4. Mike Preston
    How old is this person? 35?
  5. Mike Preston
    Thoughts: 1) Sale of stock or assets? 2) Hard to believe it wouldn't be a 410b6C transaction.
  6. Mike Preston
    Dig a bit deeper into the archives and I think you will find some support for the position that the minimum and maximum are calculated and based on the contribution made on or before the deductible deadline reducing the otherwise determined plan compensation. Larry, why would a contribution made before the tax return due date not be deductible (if it is less than the amount determined as deductible for the tax year)?
  7. Mike Preston
    Bingo repeated. Still smh. Reading with comprehension is a forgotten skill.
  8. Mike Preston
    smh
  9. Mike Preston
    How do you escape TH vesting?
  10. Mike Preston
    Yes, unless your (badly written) doc forbids it.
  11. Mike Preston
    Showing my ignorance here: does the actual Book of Mormon have *any* songs?
  12. Mike Preston
    Yes. Sure.
  13. Mike Preston
    Then no RMD'S. A document can be drafted to require distributions that are similar.
  14. Mike Preston
    Were they a five percent owner at any time during 2016?
  15. Mike Preston
    Date of birth please.
  16. Mike Preston
    Nah.
  17. Mike Preston
    Just one: you can do it.
  18. Mike Preston
    Right. No. Is either answer inconsistent with my prior description?
  19. Mike Preston
    Have all participants earned the right to receive benefits (that is, other than the passage of time, if everybody stopped working and no increase in vesting was required due to a partial termination, will all participants be able to receive a distribution from the plan)?
  20. Mike Preston
    Required.
  21. Mike Preston
    Missed that on your original post. Did you edit and add it? ?
  22. Mike Preston
    Measure the 0.5 requirement using accrued to date.
  23. Mike Preston
    Huh? Under 500 terminees are only excludable if sole reason no contribution is hours.
  24. Mike Preston
    Not necessarily true. ATD?
  25. Mike Preston
    It is most likely there.
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