ratherbereading

The RMD waiver is not optional.

Also, it's up to the plan sponsors if they want to adopt these changes.

Welcome!

No I believe it does not. From a very recent Empower communication--see attached. Empower instant-insights-cares-act.pdf

I'm with you on that! I love working from home. I haven't put gas in my car since Feb. 2nd! I kind of wish I had to since gas is so low right now...

Our files automatically encrypt when we send them to clients and when they send the same files back they are encrypted, but not sure how that is done.

Our TPA is open although most are able to work from home. We do distributions, etc. so we are considered essential.

Not sure this will help, but if you spent the money, could you let some employees work from home permanently? Maybe that would make it worth the cost?

Written today and shared on ASPPA -- not passed yet. https://www.asppa.org/news/browse-topics/senate-takes-coronavirus-stimulus-bill-retirement-relief

If you read my post there is no such allowance for ADP refunds. You'll have to argue with the ERISA Plan Compliance Calendar.

Deadline for distributing ADP/ACP refunds without incurring a 10% excise tax on the employer—i.e., due 2 1/2 months following the plan year-end. March 15 falls on Sunday in 2020. No guidance clearly allows extending the deadline to the next business day. --From the 2020 ERISA Plan Compliance Calendar. Most investment houses want the refunds submitted at least a week in advance.

It's sad that it hasn't come up? That's a good thing--it means my clients are hanging in there . I honestly think people are panicking. They need to ride it out. Eventually, everything will get back to normal.

So far it hasn't come up with any of our clients. Hoping it stays that way.

I would say it is not.

It may be, although with so many people working from home now, who knows? I guess we will have to wait and see.

This is really old, but may help you. What are you doing on here on a Sunday???

Who is "them", and 2 weeks to change your status where? I can only guess Awaiting Payment means payment of your 401k balance. But more details are needed.

Thanks!!

Larry Starr, please see attached chart - you will see the 2025/2026 years referenced. orig and ext tax due dates.pdf

For a 12/31 pye S Corp 3/15 extended to 9/15 not changing. C Corp 3/15 extended to 9/15. Change not until 2025/2026. I have a chart. If you want me to email it to you message me your email - I can do it on Monday!

I agree with WDIK and my vision is fine. Usually!

This is really old, but may help you:

The problem being the HCEs don't want refunds. They have little non-HCE participation. Nor do they want to go safe harbor, though.

Larry - yes, I am aware that it's unknowable - just wanted to make sure I didn't miss something. So yes, that was my real question, as much as I should have known better than to ask. Thanks, all!

I have a large plan that failed ADP/ACP testing for 2019. They have 11 HCEs and 200 plus NHCEs -- they want to know now how much HCEs can put away in 2020 in order to pass the test. Not sure how to figure this out. They do current year testing and are less than 5 years old so they can't switch to prior, correct?