Tom Poje Posted June 3, 2010 Posted June 3, 2010 to the tune "Do you remember these" (Statler Bros) - ok, maybe nobody remembers this one, but I was inspired a bit by someone groaning about e-filing, so I 'dedicate' part of the 3rd verse to him! a music file is enclosed - to make the file work you have to rename from .rpt to .midi, but I have to beat Mr. Baker's system of uploading attachments somehow - at least I think this will work you probably have to be catch-up eligible to even understand this one. well, ok, I only had time to come up with 3 verses so far on such short notice, maybe someday I'll dream of more. 10 year cliffs, class year plans, and the rule of 45, Five to fifteen year vesting really made those plans alive Laid off just before you’d vest, but that’s the way it goes- Ah, do you remember those? No EGTRRA, no USERRA and what the heck is GUST? No top heavy requirement was placed upon the Trust No self-direction, default funds and why disclose the fees Ah do you remember these Fifty-five hundred C or R, there’s No e-file 2 hand filled forms sent in by mail, that’s all that we need do no nondisrim, no 410-b, we didn’t dream of GATT, ah do you remember that?
Tom Poje Posted June 7, 2010 Author Posted June 7, 2010 ok, finished it up as best I could over the weekend I'll dedicate this one to those whose grumbling about e-file 2 (in particular verse 3) inspired me take a look at the 'good old days' 10 year cliffs, class year plans, and the rule of 45, Five to fifteen year vesting really made those plans alive Laid off just before you’d vest, but that’s the way it goes- Ah, do you remember those? No EGTRRA, no USERRA and what the heck is GUST? No top heavy requirement was placed upon the Trust No self-direction, default funds and why disclose the fees Ah do you remember these? Fifty-five hundred C or R, there’s No e-file 2 hand filled forms sent in by mail, that’s all that we need do And we filled out many forms, the Schedule Ts and Ps Ah do you remember these? HCEs and the 1/3rd rule, the multiple use test The PIA offset plans, now they seemed like the best No Cash Balance, no DB-K, nothing like an E-Bar Can you remember back that far? No catch up limits, Roth deferrals, EPCRS Things were easier back then, but now we’ve got a mess Segment rates and funding yield curves have added to our woes Ah, if we could forget those! SIMPLE plans, and SHNECS and SHMACs, New Comparability Way back when those things were not part of reality no nondisrim, no 410-b, we didn’t dream of GATT, ah do you remember that? Combo plans had 415-e rules to think about the 1.25 multiplier was often left in doubt and owners could not take a loan, even if they did say please ah, do you remember these? 30 thou was the limit; 25 percent of pay comp reduced by deferrals, for us that was ok for us old folks, those were the rules, they were our ABCs Do we, do we remember these? Yes, we do, Ahh how we remember these!
rcline46 Posted June 7, 2010 Posted June 7, 2010 Ah - to be an inspiration to others - that is something to which we should all aspire! 990-Ts and EBS1s Excess only plans and 81-202 100 times insured benefits and decent fees Do you remember these? (ok the meter is wrong, but Tom can fix that) $30,000 deferral limts and $45,000 DC limits - but that was the early 80s DB funding could use 'asset matching', but that was outlawed - but then brought to life again with PPA. Even poor old Tom doesn't go back that far.
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