abanky

I have a plan with 6 HCEs (and of course several NHCEs), 3 HCEs want the 3% Nonelective and 3 HCEs want nothing at all. Do I have the flexability to exclude any HCE I want from the SH?

Received this: Thank you for your email inquiry. We anticipate the comprehensive form to be ready at the end of this month. I encourage you to sign up for "What's New" on the PBGC's website. Once the form is available, you will receive an email notification that it is available.

anyone heard when they are going to allow efiling of the comprehensive filing? The website says it will be available by 10/15/2008, but i was wondering if anyone had heard anything definite.

Thank you all very much. That's what I thought about the 50% ownership and Family attribution. I'm going to have him talk to a lawyer instead of giving him my opinion.

The doctor's practice has a PS plan the salon nothing. Basically, he owns 100% of both business. He wants to get rid of the salon so he doesn't have to cover them in the PS plan or increase benefits to those who are currently eligible.

the actions of one corp does not affect the actions of the other corp. No money or services are exchanged. This is my first ownership question so I apologize if i don't know what info to give. Thank you for you help.

older then 21. and what do you mean about community property state?

A Dr. owns 100% of two unrelated companies, his practice and a hair salon. His children are not employees of his practice. can he transfer ownership of the hair salon to his children? and if so, how much ownership can he keep?

Has anyone got a request for an amendment like this? Plan Section 1.3 should be amended to refer to IRC 417(e) interest rates and mortality table as Rev. Proc. 2001-62 may not apply in some future year. btw... this is a Relius IDP for Cash Balance Plans for plan effective on 1/1/2006 and submitted on 1/22/2007. I understand that eventually the AE was going to be amended, but should it be required for initial determination? Thanks

Sweet, that's what I thought, thank you very much

I've only done testing on end of the year plans so forgive my ignorance... I'm still learning when testing a 12/31 PS Plan with a 1/1 CB plan, which way do I test.. a) 12/31/2007 PS and 1/1/2008 CB or b) 12/31/2007 PS and 1/1/2007 CB Thank you

a db plan which is aggregated with a 401(k) PS Plan for 410(b) and 401(a) testing doesn't have to pass the combined gateway right? Only if the plan was cb in design would a plan have to pass the combined gateway? therefore, since db plan is traditional, we just have to pass the gateway in the ps plan right?

sorry, i guess crossed tested is the wrong term... Yes, I'm testing based on contributions.

I know that we've gone over this before, but I need a little refresher... do I have to use AE as my assumptions in the testing of a cross tested cb plan or can I use reasonable assumptions?

this may be a remedial question, but can a cb plan have a vesting schedule that isn't as good as a 3 year cliff? (1-25%, 2-50%, 3-75%, 4-100%)

thank you guys... I just read the regs and realize what we have to do.

I've been told that to calculate the RMD for a DB plan, you take the lump sum value at the beginning of the calendar year and divide it by the Single Life Uniform RMD table? Is this totally wrong?

someone just told me that for db plans where the spouse's age is less then 10 years different, I can't use the uniform table... Is that true?

I'm pretty sure this is yes... but is the mortality table used to calculated the maximum 415 lump sums for 2008 plan years the same as the 2008 Applicable Mortality Table?

how are you calculating the immediate life annuity at 65 of 143.50854?

lol, sorry... It's early for me. Didn't PPA say that a valuation needs to be done by a certain day or the target Funding % is automatically assumed to be the prior years % minus 10%?

What is the valuation deadline for plan years starting 1/1/08? It's 4 1/2 months right... Is there a lives restriction that it does apply for? Like under 100 lives?

does an amendment have to be done by 12/31/07?

Why wouldn't we be able to set the AE at a flat rate? As long as the benefits paid off are paid at no lesser then 417(e).

we were thinking of the 30 Year trs or the corporate bond, or just a flat rate like 5%. Wouldn't the 2008 plans need to be amended before 1/1/2008 for this change?