puzzledbypensions

Plan requires 1000 hours for vesting. Want to change effective 8/1/16 to only require 500 hours. Would this mean that employees who have worked for 6 years but never had 1000 hours, but have had 500 each year, would now be fully vested? Or would they still be zero, and in 2016 earn their first YOS, and be 20% vested? Thank you!

My concern is that since the extensions have been mailed, it will be marked somewhere that the form is on extension. And then when that form arrives, even if prior to the due date, if the extension box is not marked, the IRS will not be able to piece the two together.

I sent a 5500 to a client last month, and was told last week that I would not have it back by July 31 to electronically file for them. So, Form 5558 was mailed to the IRS to extend the deadline. And then, surprise, the signature page was in today's mail. So before I electronically file the 5500, I have checked of the box to show that Form 5558 has been filed. But, the signature page that I have from the client which I need to attach to the filing does not have the 5558 box checked. Does it matter if the attachment is different than the form electronically filed. I anticipate that the IRS will lose their collective minds when they don't match. I don't want to have to send the client a new signature page with the box checked. Is it time for me to get out my scissors and tape? Thank you!

Thank you ESOP Guy. Is it going to be a requirement to have a separate Trust ID for these questions? Or for the 8955-SSA? Thank you!

Hi. We have been advised that we should apply for a Trust ID for all of our plans that currently use their EIN as the TIN. Is there a good reason to be doing this? Is there a requirements that a plan have a separate TIN? We had stopped as we had confusion in the past with TIN's being deactivated after non-use. Thank you!