SKC

Company with 2 Partners and 2 employees. The Partners are the only Participants in Cash Balance Plan. Partner 1 has accrued a large benefit each year including for 2024. Partner 2 accrued large benefits through 2023, received a lumpsum benefit of the large benefit in 2023 and did not receive a benefit for 2024. Does this Plan satisfy 401(a)(26) for 2024?

The Employer terminated a Cash Balance Plan and 401(k) Plan 2020. The last distribution in the 401(k) Plan was June 1, 2020. Will start new plans effective 6/1/2021 with short plan years from 6/1/21-12/31/21. Looking for confirmation: 1. Cash Balance participants will earn full Contribution Credit for 2021. Cash Balance TNC for both minimum and deduction is not prorated and essentially is the same if the Plan was effective 1/1/2021? 2. The maximum annual addition for the 401(k) Plan is prorated for the 7 month plan year. 3. The maximum Compensation used for allocations is prorated for the short plan year. 4. Nondiscrimination testing Compensation can be average of 3 full calendar years? So the Employer Contributions to the 401(k) Plan could be allocated on Compensation after 6/1/2021 but testing is annual Compensation? Thank you.

Company deposits 250K during 2020 to their DB Plan. This is below the maximum deductible amount. Can they deduct 150K in 2020 and save the remaining 100K deposited and deduct in 2021? Thank you.

Plan lost 1M in investment value in 2019. Company deposited 1.25M in September of 2020 which would meets requirements for deduction for 2019. Now the Company wants to count the 1.25M deposit in 2020 partially for 2019, 2020 and 2021. I know it can be used for 2019 and 2020 but what about 2021 for both deductions and minimum funding requirements.