SSRRS

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

Hi All, Happy Holidays to All. A DB plan ret age is 62. Employee retirement date was march 2025 but did not receive his lump sum until Dec 2025. He was entitled to his lump sum since March 2025. What rate would you use to give interest on the lump sum from march 25 to Dec 25? Plan equivalence? Thank you

Thank you Effen and Bri. As always your knowledge is much appreciated. There were no missed MRCs shown on the 5500s that were filed. So wondering who told them that this is this case. Meaning, even if this is indeed the case, who informed them of this. However, they don't have a missed MRC. Unless not filing a couple of 5500s is considered a missed MRC?

Hi, A PBGC covered plan received the following email from the pbgc... This letter is to inform you that the Pension Benefit Guaranty Corporation (“PBGC”) was notified that a Reportable Event has happened. According to the information we have received, "A" Corporation (the “Plan Sponsor”) has failed to make the required minimum contributions 1. Who are they referring to when they say they were notified? Who could have notified them? 2. The minimum required contributions that they are refering to are the possible MRC that would be shown on the 5500 (that were not filed for a few years) or are they referring to the pbgc annual.premiums that have not been paid? Thank you as always for any insights.

Thank you Paul I. Yes, the original filing had an extension filed and the 5558 box was indeed checked on the original filing. Will they get confused if both the 5558 and the amended boxes are checked off? Or does it look like asking now for an extension with the amended filing (or does it imply that forgot to ck off the 5558 on the original filing and now fixing that)? Thank you!

Hi Thank you as always for all the valuable knowledge and input. Is there an issue, if amending a 5500 for the current year to have both the 5558 box and the amended box checked off, or don't confuse things and just ck off amended? Thank you.