Guest terid Posted August 13, 2002 Posted August 13, 2002 Profit Sharing Plan - 11/1 - 10/31 plan year. Recently (in 2002) the client decided to terminate this plan. The contributions are discretionary and they will not make a contribution for the 11/1/01 to 10/31/02 plan year. Can they back date the termination date to 11/1/01?
david rigby Posted August 13, 2002 Posted August 13, 2002 Why bother? Date it now. Any form of backdating can create an appearance of trying to hide something. I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
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