SSRRS

Thank you Andy H, David Rigby, CuseFan and Lou S.

HI, An one participant owner only DB plan wants to terminate and roll the assets to an IRA . I recall an old post where it was mentioned that since the plan is terminating and rolling the assets to an IRA the first RMD would be allowed to use the DC method. I this indeed allowable and what if for the current year he needs to take two RMDs (as the first was deferred) can he take both RMDs based on the DC Method and then roll the remaining assets to an IRA? Thank YOU.

Thank you very much. We will use 6.25% (I just hope they will be ok with this as prime has gone up considerably).

Hi, The current prime rate appears to be 5.25 (WSJ). What are plans using currently as the interest rate for plan loans? Thank you.

C.B. Zeller, thank you very much for your help and efficient information.

Thank you, the SB reported only the DB amount (ie 250,000 were the total contributions to the DB account, 225,000 was listed on the SB and the 25,000 would be reported now on the DC 5500).

Hi, Company has DB and DC (MP) Plans. They planned on making a db and DC contribution for the year ended 12/31/17. Inadvertently they deposited the DC contribution into the DB account (db plus dc contribution all went into db account, and was below DB Max). Can this be self corrected by transfering the money into the dc account? If yes, what if the transfer is made today, October 18th, as this is after 9/15?. Thank you

Hi, Company has DB and DC (MP) Plans. They planned on making a db and DC contribution for the year ended 12/31/17. Inadvertently they deposited the DC contribution into the DB account (db plus dc contribution all went into db account, and was below DB Max). Can this be self corrected by transfering the money into the dc account? If yes, what if the transfer is made today, October 18th, as this is after 9/15?. Thank you