SSRRS

Thank you very much Lois.

Hi, Thank you for all the insights and input. Is anyone able to post a link etc for a segment rate calculator that is based on on the 24E or 25E Table or is that not allowable on the forum? Thank you either way.

Hi, North Carolina was originally given an extension until 5 /1 /2025. This included the 5500 for 2023. On 4/17/25 this extension was further extended until September 2025. This additional extension from 5/1 /2025 to 9/2025 includes the 5500 and the pbgc filings. Correct? Thank you.

Thank you C.B. Zeller. Just another question , please....Line 15 will be left blank and an attachment will be included that explains that the AFTAP per the val is 105%, however, since the AFTAP was not certified, it is deemed to be 59%. However, since this plan was frozen prior to September 2005, there are no AFTAP restrictions." ...1. Does leaving line 15 blank draw attention...ie the efast might have certain things to look for as flags. As, since this plan was frozen prior to 9 2005 is there a way to file that it should not attract attention? As an AFTAP of 59% for this plan has no bearing in reality on this plan. Thank you for any thoughts.

It appears that 50% or more of XYZ 's income is from ABC. This possibly makes this arrangement a MFG (Management Function group)?

Thank you so much Carike and Paul I.

Hi, As per 1.436-1(d)(4) a plan that was frozen plan prior to 9/1/2005 is not subject to the AFTAP Restrictions including that it can pay lump sums. If the AFTAP calculations are above 100%, however, there were no actual AFTAP certifications done, is there any basis for the SB to show the AFTAP as being above 100% and it will be based on the signing of the SB (since there are no AFTAP restrictions) or must the SB show the AFTAP as 60% ? As why file with 60% and possibly draw attention of the electronic system, if there are really no AFTAP restrictions for this plan anyway? Thank you

Hi, Thank you, as always, for the all your insights and informative responses. Our Pension reporting system (filing 5500 etc) is having technical issues. Until we resolve the issues: 1 . Are there alternate methods that we can use to file a few 5500s. 2. Does I file work similar to as when we file as third party signs and files for the client from our regular reporting program? 3.And is it easy to resgister and get started to use i file? 4. Are there any other alternatives that we can use to get these 3 or 4 5500 filed? Thank you very much.

Hi, Thank you as always for all the insights. If a DB plan has 2 trustees (the two owners of the company and the sponsors) are they allowed to act independently of each other? Thank you.

Thank you Paul I. Much appreciated. Yes its a 5500-SF. Can filing with the DFVCP, help prevent an examination? And if the plan starts the process by ,for now, at least paying the DFVCP fee on line ( and then work on getting the complete information to actually file) help to show that the plan is complying and hopefuly this can stop an examination?

DB plan received an IRS compliance check for non filing of 5500. They didn't respond in time and now received a notice that that since they did not hear from the sponsor they are refering the case for examinstion consideration. And you will be notified if your return is selected for examination. Could the sponsor still file now with the DFVCP? And would this help stop further action? Thank you for any insights and help

Thank you Lou S. I guess even for those who don't amend unless they really really have to, would agree that in this case it must be amended to include the attachment ?

Hi, Thank you as always for all the insights. A DB plan that has a shortfall shown on the SB, was efiled, however, the attachment for the shortfall amortization was not attached to the filing. The rests of the attachments were properly attached. It shows up on the e fast that the forms were received. However, on the filing system a error message shows, since it is missing this attachment. 1. Must this filing be amended and then refile and include this attachment? 2. The original filing was filed under the special extension until Feb 3rd 2025 (extended past 10/15/24). If it needs to be amended, should the amended box and special extension box both be checked off or just the amended box. Or to be safe just check both boxes? Thank you!

Thank you very much Peter. Your vast knowledge is always appreciated. 1. This entity appears to have to file only the 990N (postcard) as receipts are less than 50k...as NOT in business for 10 years already...(just have not paid out all the veba participants so plan has been kept going all these years...) 2. Or maybe not required to file even the 990 N since out of business for so many years? 3. What if they have not filed the 990N postcard for at least 3 yesrs alrwdfy...is there a DFVCP for this... 4. I did notice a source that 990 N has no late filing penalties...HOWEVER, if not filed for 3 years, then loses it's tax excempt status. 5. If this company that sponsors the VEBA (out of business 10 years) also has a DC plan ..(most of participants are the same for both veba abd DV plan)...can the veba be rolled and merged into the DC plan...With of course, accountinh each year to keep the assets of the veba as a rollover. Amount...ie separate from the DC plan assets...but will be one DC plan? Is this allowed? Thank you very much.

Hi A Happy New Year to all of you. Thank you in advance for any insights on this. 1. If there are only $76,000 IN ASSETS, in a veba plan. that has not had a contribution for at least 15 years , and all participants in the plan were terminated 10 years ago at least, still required to file a 990-EZ, since assets for all plans for this entity are under 250K? Also, in general is a 990 still required to be filed for Veba plans or a 5500 SF is sufficient? 2.IF YES, must the 990 be e-filed, and mailing it in is not allowed anymore? 3. Can this Veba plsn merged with a mp plan of the same entity...(with of course properly allocating, ie prorating, the assets for each of the 2 plans annually)? Thank you, as always, for any insights

If filing for a client 5 years of 5500s for a DB plan with the DFVCP, can you charge for this service. What is reasonable? Hourly rate for the time spent on this? Thank you for any thoughts.

Hi A Happy New Year to all of you. Thank you in advance for any insights on this. 1. Is a veba plan , with only $76,000 IN ASSETS. that has not had a contribution for at least 15 years , and all participants in the plan were terminated 10 years ago at least, still required to file a 990 (EZ)? As assets for all plans for this entity are under 250K? Also, in general is a 990 still required to be filed for Veba plans or a 5500 SF is sufficient? 2.IF YES, must the 990 be e-filed, and mailing it in is not allowed anymore? 3. Can this Veba plsn merged with a mp plan of the same entity...(with of course properly allocating, ie prorating, the assets for each of the 2 plans annually)? Thank you, as always. for any insights

Thank you. 1.Does this mean that you frown on a DB plan in general, investing in RE? 2. The main Focus of the original post, was as to the legality of a second large plan investment in RE. The sponsor would like to, but is hesitant if there are any IRS issues? Thank you in advance.

Thank you Paul I! I appreciate it. Just trying to understand the point about that it depends on the financial situation of the owner. If they are using plan assets to purchase this investment, why does his financial situation play a role? Thank you.

Hi, Thank you all as always. A owner only DB Plan (husband and wife), has about 4,500,000 in assets. Part of the assets is a condo worth 1.5 million (they rent it out). They would like to invest further in real estate and have the plan purchase another condo, worth aprox 2 million, however the seller is willing to agree to sell it for 1.8. Is it advisable to purchase another RE Investment? It is in the same area as the first condo, so that might play a role in lack of diversification? Thank you

Thank you! So we will write in the letter serial number.

Peter Gulia, your analytical and sharp knowledge is much appreciated, as always. I will look into the information for this particular case.

C.B. Zeller, thank you so much! Yes, i have a copy of Watson's publication. Great idea. Thanks!

The trust owns the s corp, however, the question is, does the fact that these 2 are the beneficiaries of the trust, deem them to be 5% owners and thus HCEs?

Trust owns s corp. The pres and sec of the s corp are the beneficiaries of the trust. Are they therefore considered owners of the s corp and therefore they ate HCEs irregardless of their salaries being only 100K? Thank you!