BG5150 Posted October 7, 2019 Posted October 7, 2019 Can you offer in-service withdrawals at age 50 of Profit Sharing money? Does it HAVE to have a seasoning component? I seem to remember a 2-year rule. Or is it if you have a seasoning rule, it cannot be less than 2? QKA, QPA, CPC, ERPATwo wrongs don't make a right, but three rights make a left.
RatherBeGolfing Posted October 7, 2019 Posted October 7, 2019 1 hour ago, BG5150 said: Or is it if you have a seasoning rule, it cannot be less than 2? This one.
BG5150 Posted October 7, 2019 Author Posted October 7, 2019 What if no one has reached 50 year? Can we remove that feature without worrying about anti-cutback rules. QKA, QPA, CPC, ERPATwo wrongs don't make a right, but three rights make a left.
Kevin C Posted October 7, 2019 Posted October 7, 2019 42 minutes ago, BG5150 said: What if no one has reached 50 year? Can we remove that feature without worrying about anti-cutback rules. You can't remove it for benefits already accrued. Optional forms of benefit are 411(d)(6) protected benefits. 1.411(d)-4 Q&A 1.
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