Allocation of portion of contribution to prior plan year

A $1,000,000 contribution was made to a db plan on 7/1/2022. Are there any problems assigning a portion of this contribution to the 2021 plan year, i.e. $700,000 will be shown on the 2021 Schedule SB, and the remaining $300,000 will be shown on the 2022 Schedule SB? 

Problems?  Who is doing the "assigning"?  Minimums?  Maximums?  Corporate resolution? 

As always, put on your consulting hat and ask the other questions: what is going on?  what are you trying to accomplish?

Well, assuming no weird gotcha provisions like this being a 2/28 plan year end with a 10/31 tax year and no extension on their return, or that their 404 deduction max is only 50,000... 

Then this should be fine.  (Would this pop up on your radar if the 700K and 300K had been done via separate checks?)  I think as long as the sponsor designates the amount by year - that should be part of it.

20 minutes ago, Bri said:

I think as long as the sponsor designates the amount by year - that should be part of it.

That is what we like to see as well.

Sorry, should have mentioned that this is a calendar year plan and there are no any weird gotcha provisions.

Assigning will be proposed by the actuary to the plan sponsor over email in order to save some PBGC premiums, and the plan sponsor will reply agreeing to the split.

Having two separate checks certainly will not have any issues. Concern was simply raised due to it being one contribution instead of two separate contributions and split would not be known until the actuary would do all necessary calculations.

Thank you all.