Jim Chad

Does anyone know where I can get a sample employee notice for deleting Joint and Survivor annuity options from a 401(k) Plan?

If the customers are good credit risks and the terms are reasonable based on market conditions, these loans may be prudent investments. But if any of these loans default, the owners could be in deep trouble and need to prove these loans were "arms length" transactions. They have the appearance of benefiting the company in a customer relations sort of way.

"X" owned 50% of a C corp until he sold his share on 6-1-00. We have a calander year 401(k) plan. The son of X is in the plan on 7-01-01. Is he an HCE because his father was an owner last year?