Sammiemor

Totally agree. My most hated part of retirement accounts. You are awesome for responding. Thanks immensely!!

Please advise if this is a control group. Your assistance would be greatly appreciated. Company A- has 1 owner (has employees other than owners) John Doe owes 100% Company B -has 2 owners (has employee)s other than owners) Owner 1 John Doe owes 50% Owner 2 Bob Jones owes 50% (friends only)

Hello, I am hoping to find study materials (willing to pay a discounted price for used materials) to prepare me for taking DC-1 and DC-2 exams. Unfortunately, my current employer isn't a supporter of receiving designations, so I must pay for everything myself. I did receive an APA while working for a TPA firm years ago, but I understand how valuable the QKA designation is, in my industry. My goal is to obtain a QKA before this year ends :). Any help would be hugely appreciated.

Hello All, At a TPA firm I worked at previously we had an excel spreadsheet and checklist that we used and were so helpful when completing testing. The spreadsheet ensured that you knew what your compensation totals (415, ADP, Gross, Pre-entry, etc.) and deferrals/catch-up totals should be in the beginning. As well as, the checklist made sure all testing items were addressed before having it reviewed. Unfortunately, when I left that company, I didn't keep any copies and the place I work at now, doesn't have such beneficial tools. Does anyone have any that they are willing to share? Thanks bunches in advance!!

Thank you both for your replies. Very helpful!

Yes BG5150, the other employee was an HCE and the plan contact. I guess cost was often an issue so I didn't see it as an automatic red flag before. Thanks!

Maybe you can settle a debate I am having with my supervisor. When doing a new comp contribution calculation, should it be an automatic red flag if an owner is getting less of a contribution % than a non owner?