A one-participant plan owns a tract of land. The trustee is wanting to sell a portion of it and wants to be sure it's done properly. This is allowed, I think, as long as the proceeds are returned to the trust. Would the remaining portion of the land get a new deed in the name of the plan? Would any special appraisal be necessary?

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A traditional IRA holder has reached age 70-1/2. When he passes away he plans to leave the IRA to his children. Will they be required to continue to take RMDs upon their father's death, or are they postponed until they reach age 70-1/2?

A hospital employee is concerned that his 457 account balance may be jeopardized if the hospital becomes insolvent. He is considering rolling it over to an existing 403(b). He is age 70-1/2. Would it depend solely on whether the 403(b) allows for 457 rollovers?

A governmental entity-sponsored 457(b) plan finds out that a participant lied on his application for a distribution for unforeseeable emergency. The truth would have resulted in the application being denied. Does the plan need to do anything more than file a Form 1099-R with an "early distribution -- no known exception" code? Do we need to (or can we, as a practical matter) recoup it from the participant? Should we file an attachment to the 1099-R about these circumstances?

New plan, effective date 10/1/2018. "Compensation" means a Participant's Basic Compensation, (which are W-2 wages), paid during the Compensation Computation Period (defined in the document as the Plan Year). Compensation excludes pre-participation compensation. Plan Year is the 12-month period beginning January 1, ending December 31st. Limitation year in the document says: "In the case of an initial Limitation Year, the Limitation Year will be the twelve [12] consecutive month period ending on the last day of the initial Plan Year." Eligibility is normally age 21, 1-year of service, monthly entry. However, all entry requirements were waived 10/1/2018. 4 Employees; 2 hired 5/30/2017, 1 hired 6/26/2017, and one hired 10/15/2017. [1] Is the 415 or compensation limit pro rated for 2018? I don't think so, based on my reading of the above. [2] For the employees, do I take compensation from 10/1/2018 -- 12/31/2018, or from what their individual entry dates would have been (6/1/2018 for the first two, 7/1/2018 for the third, etc.)? [3] This plan will be top heavy, so my understanding is I need to give non-key employees 3% of their annual compensation (1/1 -- 12/31) -- correct?

I am finishing up a VCP packet for a loan failure. Along with everything else, I have prepared both the Form 14568 and Form 14568-E. When I look at the two forms, it seems we have some redundancy, and I'm wondering if I can toss the Form 14568 and just submit everything with the 14568-E. Does anyone have any experience taking such a bold move?

One-participant DB plan was effective 1/1/2017. The valuation date is EOY so valuation date was 12/31/2017 for first year. Can the valuation date be changed to 1/1/2018 for the second year of the plan?

I have a takeover DB. The client, a sole proprietor, recently changed brokers. The rollover was done a few years ago, from a previous DB plan, but the previous broker incorrectly titled the account "401(k)." The rollover was approximately $1M. The broker was from another brokerage firm. I am working with the new broker and we want to straighten this out. This is not a 401(k), and she does not want a 401(k) and will never contribute to a 401(k). She always has believed this was an IRA rollover. Upon digging, I discovered this is indeed was a rollover, but the question is, because the account was titled incorrectly and has only recently been re-titled "IRA" by the new broker, would a Form 5500 need to be filed? Could the client claim "ignorance", "stupidity" or whatever -- such that, if she were to be audited, could explain what happened? The DB plan has less than $250K in assets.