SSRRS

Hi, Does anyone see anything wrong with a DB plan sponsored by an s corp, the owner needs cash to make the contribution so he will contribute from his personal brokerage account (and not from the corp account).? Thank you

Thank you very much, Calavera.

Thank you Calavera, always appreciate your knowledge. If his benefit hit 100 of comp 5 years ago, then besides that being his benefit as capped, are you saying that a BSD must be established from then,and therefore he is owed back payments from then? And if paying a lump sum now, would he receive in addition to his lump sum, the monthly befits for the past 5 years from the BCD? Thank you.

Thank you Cuse Fan, as always. So if his average comp was 23,000 and terminated in 2012, then based on the adjustments that you mention, his avg comp and his benfit can actually be increased higher than 23,000?

Hi All, A DB participant terminated at age 60. Was entitled to his benefit at the plan's NRA of age 62. Did not get paid his benefit until age 74. Actuarial increases are bring given to reflect the benefit payments that were not made for the period of age 62 until age 74. Question: The increased a accrued benefit at age 74 is $2,950. The participant's average monthly comp was $1,964. Is this increase up to 2,950 that is greater than his avg comp allowed or is the increase capped at $1,964, his average monthly comp (as cannot increase the benefit past 100% of comp)? Thank you.

Hi, Two corps are a controlled group. Therfore, one DB plan can be opened that will cover both entities. Can the following be done instead? For easier record keeping, etc. Open a DB for each entity and cover each entity separately. The owners (Hcs) are not getting above the 415 as they are covered only in one plan and the employees of each entity are all properly included. Thank you.

Thank you as always CuseFan, David Rigby, and Calavera. I had given a "like" your responses when you had responded, however, I forgot to write this. It was a big help. Thank you

Hi, Thank you as always for all the insights. Can a Hard Frozen DB Plan, (that is owner only), take into account salaries that were taken during the current frozen years. Not to increase the benefits of course, as the plan is hard frozen. Rather, to increase the salary average. The owner is past retirement age and is receiving each year an actuarial increase on his A/B, since he is not taking benefits yet (although plan allows for in service distributions after NRA). However, the AB cannot be increased beyond 100% of average compensation. Therefore, if the salary average is allowed to be increased based on current salaries (even though plan is frozen), then the annual increase on the AB can keep going up until the new higher salary average. Thank you

For some reason, efast does not give an ack id for extensions? Just a Message that successfully filed. Not sure why.

RatherBeGolfing, thank you. It was filed with the efast system and not a 3rd party software. They gave me an option to press submit, and file it, with the error. After hitting submit, they said it t was successfully received.

Hi, Thank you as always for all the insights. The 5500 for a 6/30/2025 plan year end, is due by 1/31/26. This came out on Saturday. Therefore, the 5500 and the 5558 must be filed ON or prior to 2/2/26 (since 2/1 26 was a Sunday). We filed the 5558 on 2/2/26 ( today) with I file and got a validation error that stated " you have filed the form 5558 after the return's normal due date and may not be approved for an extension based on this form 5558 that was submited". I hope this is an error on their part and the extension will be approved? Thank you

Thank you C.B. , as always. I am just wondering is there a way to not have the "sample" show in the background of the SB?

Hi A Happy New Year to All. Is there anywhere on line that one can download a fillable pdf of a schedule SB? Thank you!

Thank you Effen. Your quick response saved me from starting to self doubt.

Thank you very much, Bri, for the clear answer