SteveK

Therefore, I can keep filing my individual 401k 5500sf on my own ( I will not be making contributions going forward and will in fact be making in service distributions to convert into ROTH IRA). This why I want to zero out my income going forward. This would bring me back to firm #1 with the broad funding range, which is important to me. Agreed? Thank you Mike!

Mike, I have not hired either because of the difference in opinion on the funding range ( you seem to agree with firm 1 that range can be large and not limited as in firm 2) and I lean toward firm 1 because of this. However, firm 1 also says that DB 5500 can include also include my individual 401k 5500sf as 1 filing and firm 2 says it can't be done and must have two 5500's. If this is the case, it casts doubt on my hiring firm 1. Can the DB 5500 and the individual 401k 5500 be filed on 1 5500?

Both TPA's had no problem with no salary as the benefit was being funded by past 3 consecutive years of salary and I would be working more than 1000 hours per year going forward.

The 3 year high salary was from years 2016 - 2018 Yes... this would be a new plan.

Hi, I want to start a DB plan for 2019 and received conflicting advice from 2 TPA firms. If you could provide clarification or guidance it would be very much appreciated. Should I be looking elsewhere? 1. Firm 1 gave a contribution range range of $74k - 390k for 2019 Firm 2 gave a contribution range of $153k - $167k and said they never saw such a large range for 1st year as it is typically very narrow. 2. Firm 1 said my existing individual 401k 5500SF would be incorporated into DB 5500 that they will do Firm 2 said they cannot be combined into 1 filing. 3. Both firms have an exiting document with IRS#. I'm guessing that it is somehow customized to meet my needs? I am 64 and will fund for at least 3 years and possibly 5. I am only employee and business is S Corp 3 highest consecutive years of W-2 were $120k I do not intend to take any salary this year or any year going forward I would like to fund $175k this year and would like flexibility on the downside going forward as not sure what future income will be. Thank you for your advice, thoughts and clarification. Steve