ratherbereading

No, no confusion between a loan and hardship. She is only taking a portion as a hardship; therefore, some of her money will still remain in the plan

After discussing this with our TPA's ERISA attorney, yes, the alternate payee may take a hardship from her account as long as she meets the requirements, and she does.

The plan does not prevent the spouse (alternate payee) from taking a withdrawal, but for some reason, they want to leave the money in the plan and take a hardship.

Can an alternate payee (ex-spouse) request a hardship from the Plan? I have an alternate payee that wants to do this. The plan document is silent on it. They first wanted a loan, which obviously they cannot have because payments cannot be made via payroll. Not sure about hardships though. Thanks in advance!

Thanks ETA Consulting!

The 401k amount for that payroll was $3,564.57; the profit sharing amount was $2,202.66, and the match amount was $679.72. So it does constitute a problem!

Good morning! I have an ERISA 403(b) plan who used forfeitures to offset one payroll. The payroll, however, included deferrals, profit sharing, disc match, and loan repayments. Total allocation was $6847.96 and it was offset by $4610.39 from the forfeiture account. They do their profit sharing and matching contributions each payroll. What's the fix? Thanks in advance!

The document says "The computation period is on a payroll basis." I think they are fine.

I have an audit plan and they made 1 late discretionary matching deposit in 2016. It was 2 weeks late due to a glitch in their payroll system. Their plan document was amended to allow matching contribution, made on an a payroll basis, as of 2/1/2016. All their 401k deposits are fine. CPA wants them to go through SCP or VCP in case the plan ever gets audited. And he wants us to submit a letter stating that this is not an operational failure in case they get audited in years to come. I'm thinking neither is necessary. Is this an operational failure? Thanks in advance!

I followed Tom's advice and it worked!!!! Thank you so much!!!!

To answer everyone's questions--ADP only; 4,000 plus people; Tom Poje- good idea! If anyone has a spreadsheet they can share please send to cwoien@tpsgroup.com Thank you!!!

Does anyone have a spreadsheet they can share with me on calculating ADP refunds manually? Not the gain and loss, the actual refunds. We have a plan that we don't put in Relius, so everything is done manually. Thanks in advance!!

Hello. Anyone know what the limit is on participants in Relius? I just received a plan with close to 5,000 participants from another administrator in my company. It's not on Relius because of its size, so testing, eligibility is all done manually. Does anyone have a plan this large that is on Relius? Thank you in advance for all replies!

Later reply but I totally trust the CPA on this. He's very close to the client, he signs the 5500 for him, does all the payroll, so he is definitely telling the truth.

Just don't get acquired by United Retirement Plan Consultants!! They are bad news.

I have a plan that is terminating as of 8/31/2017. It's a 12/31 PYE. It was top heavy for the 12/31/2016 determination date so they have to make a top heavy contribution based on comp as of 8/31/2017, correct? However, do I need to do a top heavy test for the 8/3/2017 short plan year determination date since the company and plan will no longer exist in 2018? Thank you in advance

I see no problem with faxing. I have lots of clients who request faxes, it's not 1980s! And as someone pointed out the chances of misdialing and getting another fax number are slim. Just fax a few pages at a time.

The 2 owners in a plan over-contributed to their 401k accounts by $465 each for plan year ending 12/31/2016 even though their W2s state they contributed $18,000. There were 53 payrolls in 2016. The refund is being made after 4/15. Is the Distribution Code a P for Prior Year, or 8 for Current Year? They are not 50 or older. Thanks is advance!

Looking forward to responses to your post, Peter! Thanks for laying it out that way.

That's it!

Thanks Belgarath. Not going to lose sleep over it!

hr for me - No, the accountant is not an employee of the business. Not sure who signs the federal payroll tax reports.

Ahh. Sorry, My 2 cents. I usually get humor... I agree, but as the TPA, not sure if we should step in and address.

I'm not socializing with my client and he's not in prison.

ESOP Guy - I've been doing this plan since 2005 and deal with the accountant a lot. He is the one who told me they don't work there. At all. They both have other full-time jobs. That's why they cannot make 401k contributions at their other jobs. Yes, they know it's false! Yes, not sure what my obligation is, if anything.