SSRRS Posted July 28, 2021 Posted July 28, 2021 A DB plan was not administered for a few years. They came to us to bring them up to date (valuations , filings etc.). There were no AFTAPS since 2017. Do we take the AFTAP percentage that was prepared for 2017 and subtract 10% for each year until we reach the current year? Thank you.
shERPA Posted July 29, 2021 Posted July 29, 2021 More importantly, get paid up front! SSRRS 1 I carry stuff uphill for others who get all the glory.
chc93 Posted July 29, 2021 Posted July 29, 2021 Were 5500's and SB's filed? Were benefit restrictions notices distributed to participants? May have a lot of issues... SSRRS 1
Jakyasar Posted July 29, 2021 Posted July 29, 2021 Too many issues here. The penalty for 101j notice itself, which I assume was not provided, is going to cost quite a bundle. Hopefully no distributions were made which is another issue as no AFTAP i.e. less than 60%. If no SB's done, may have serious funding issues as well. And the list goes on. SSRRS 1
SSRRS Posted July 30, 2021 Author Posted July 30, 2021 Thank you very much. No distributions were made, so the distribution restriction is not an issue in this case. The SB's will have to be done and we will see if there are funding issues. Thank you!
SSRRS Posted July 30, 2021 Author Posted July 30, 2021 On 7/28/2021 at 9:04 PM, shERPA said: More importantly, get paid up front! Thanks! On 7/28/2021 at 10:00 PM, chc93 said: Were 5500's and SB's filed? Were benefit restrictions notices distributed to participants? May have a lot of issues... Thank you very much.
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