RLTGroup

Thanks ESOP. I do not take your comment to be mean. I do appreciate the advise however.

I am new to the "ROBS" arena. Once the money is rolled over into the plan and subsequently used to invest in the franchise, now the bank account has a zero balance. What value do you put on the Schedule I of the 5500? The rolled over amount or the Zero balance of the bank statement?

Thank you all for your thoughts and input... I was able to convince the client that what he thought he wanted is not possible and he is now happy with making Roth Deferrals. Enjoy the day.

@ Lou - Thanks a lot... I read your comment to the broker and she laughed and will pass it along. Take care. @BK5150 - I even skimmed through it... Tough read... So, sorry you are stuck with the same market as the rest of us. LOL... Enjoy the day.

I have a client insisting he should be able to do a Roth Safe Harbor and make Safe Harbor POST-TAX contributions. I have explained that his plan is set up as a Roth 401(k) Plan and it has a Safe Harbor feature. He is taking advantage of the Roth Deferrals. I have explained that the government does not allow the employer to do Post Tax contributions. He now wants to see something in writing stating that employers cannot do post tax contributions. Any assistance or direction to the verbiage is greatly appreciated. Thanks