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Late First Year PBGC Filing
vrradjew posted a topic in Defined Benefit Plans, Including Cash Balance
I'm curious what the penalties are, if any, for a first year PBGC Premium Filing that is submitted after its due date. Assuming the first year filing had no payment due, would there be a penalty charged for a late submission? This is what I found on the PBGC website: The late payment penalty charge is established by us, subject to ERISA's restriction that the penalty not exceed 100 percent of the unpaid premium amount. Subject to this cap, the penalty is a percentage of the unpaid amount for each month (or portion of a month) it remains unpaid with a minimum penalty of $25. So if the unpaid premium amount is $0, would there be any fees? -
I own and am the only employee (W2 pay) of a C Corp which administers a solo 401k of which I particape and which allows in-service withdrawals. I will be turning 59 1/2 soon and would like to know my options and the forms I will need to file particular to the option(s) I act on. I'm thinking of continuing to work for my company, but possible take a distribution from the 401k. Can I move part of my 401k to my Traditional IRA while still working for the company? If so, what forms would I need to file and what would go on the W2 and where?
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- in-service distribution
- forms
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