WDIK Posted July 7, 2003 Posted July 7, 2003 A profit sharing trust holds investments in non-qualified plan assets in excess of $1.3 million. (Approximately 75% of plan assets.) The plan participants consist of the owner of the corporation sponsoring the plan and his three sons. While I doubt it, is there any chance of the plan being entitled to the waiver for the audit without bonding the 1.3 million? Any other ideas? ...but then again, What Do I Know?
Blinky the 3-eyed Fish Posted July 8, 2003 Posted July 8, 2003 No. Replace the non-qualifying assets with qualifying ones. "What's in the big salad?" "Big lettuce, big carrots, tomatoes like volleyballs."
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now