ratherbereading

Our compliance department uses a formula using plan level amounts/contributions/etc.

Just a note, our compliance department does not use the VFCP calculator unless the client wishes to correct under VFCP.

What Bird says and while switching to another payroll system may not be their preferred choice, I'm sure it can be done.

The TPA I work with has extensive experience with combo DC/DB plans. We have 4 offices in the Northeast. We have several actuaries on staff. PM me if you would like details-

I believe that they have until the time of filing their tax return to make the deposit and claim the deduction. I have a few plans where they do that for the partners.

We are paperless. Maybe I should clarify -- we keep our emails in online folders - we use Sharepoint. So it's up to the administrators, staff, etc., to keep important emails. They are deleted after 1 year from our Outlook - not our actual online files. Although I'm sure even deleted ones could be retrieved.

Lol won't happen. One of the best TPAs in the Northeast.

They are automatically deleted. No archiving.

Welcome!

Yes. If you read the instructions for the 5500 re late deposits it actually says they need to be reported until the year after the violation has been corrected. The correction includes late earnings deposited.

The TPA for whom I work deletes after one year.

The owner of the tpa I work for does not, neither do the several ERPAs that work in the tpa-

Thanks! That's what I did but wasn't sure that was correct-

I need to fill out a Schedule D to list all the subaccounts. I have 3 pages worth; however, I can't get to Page 3 as it is grayed out. I am using Datair. I have 2 page TWOs. Does anyone know how to get to Page 3?

I'm not sure what your former employer's legal plan document says, but I work for a TPA and all our documents don't allow hardship withdrawals by former employees.

I have a plan that failed the ADP test. Several HCEs terminated and rolled their money out prior to the refunds being calculated so their balance is $0. What's the fix?

Honestly, if your employer isn't a supporter then do you really want to bother? I've been doing this for 20 plus years without any designations, and have worked with people who have designations and have no idea what they're doing. Just a thought. I know a lot of TPAs want designations nowadays.

That's actually what I meant to say …

hch4cps I think you misunderstood the question -- is the SH match paid annually or per payroll?

I'm not sure what a clawback is, but there position is not that he wasn't supposed to be paid at all -- he just "decided" to give it all back.

It's a very large corporation.

I don't get it either. He got no W2 since according to them he had no compensation.

The owner of a large company deferred 18,000 in 2018. He gave back his entire 2018 salary at the end of 2018. They now want a refund of 18,000 processed for him. Anyone ever had this situation?

I think you will find your answer here … https://www.irs.gov/retirement-plans/correct-common-hardship-distribution-errors

If what you are saying is true then I'm not sure why you would not get one. There is no last day or hour requirement for a safe harbor contribution. If they are making a safe harbor contribution for 2017 and you were there during 2017, even if you worked for 6 weeks, you should get on. I'd definitely talk to your HR department.