mjf06241972

Does anyone use Congruent Solutions for administration/distributions in their TPA office? Any feedback? Are there any other companies that offer administration? Thank you.

Hello, We are looking for an actuary for a school district defined benefit plan in CT. Can you please contact me if interested? Thank you.

What is the penalty for a client that has not funded their safe harbor match yet for 2020? Thank you.

A client provided bad compensation data on the plan for 2019 and we are realizing adjustments need to be made. They also switched carriers and are in blackout until 2021. Can they still make the adjustment matching contributions. Document is set up for annual matching contributions and now need adjustments (additional matching contributions) that most likely will not happen utnil 2021.

Simple IRA. Thanks for link. That answer's question.

Is there a compensation limit on a Simple Plan for calcuation purposes? Is it the same as 401k Plan? Thank you.

Client did not deduct the 2018 employer profit sharing contribution and will be deducting on 2019 return. Does this amount get used in the calcuation of the max employer contribution 25% rule for the 2019 employer calculation? Thank you.

What is a daily valuation vs. a annual or monthly valaution? for a 401k plan with a recordkeeper, is this considered a daily valuation? Thank you.

Plan has 1 year wait and entry on the following 1/1 or 7/1. Someone meets the year and now wants to enter the plan in February. Do they have to wait until July (next entry date?) What is the timeframe after the entry date to enter the plan?

We have a client that moved from one recordkeeper to another. They were provided with several notices by the new rk and the funds have already been transferred. Yesterday, we found out the client did not distribute any of the notices. What are the penalities for something like this and does it require reporting to DOL/IRS? Thank you.,

Hello, I am a TPA looking to outsource our current DB/CB Plans to an Actuary. About 20 Plans. Having alot of issues with current company we work with. Thank you.

Hello, If someone wants to do an IRA Conversion to Roth IRA, does that mean the taxes are paid at time of conversion for the IRA? What federal taxes are withheld and I would assume normal state withholding would apply? Thank you.

Hello, if a company is planning laying off employees due to Corona Virus, can they stop 401k contributions and would they restart when the employee resumes work? Is there a difference between furlough and layed off for 401k deferrals start and stop? Thank you.

Thanks Larry.

If a plan has a Simple and then converts to a 401k plan, can they still use the tax credit under the SECURE Act for the new 401k Plan?