SEP is sponsored by a Schedule C entity. It has become an S corporation. Can the SEP sponsorship be changed to the new entity? They want to maintain the same eligibility instead of starting over. Also, they would like to continue to maintain the same SEP-IRA accounts.

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I'm not seeing an EPCRS solution to a situation where a participant had a 12% deferral rate, subsequently lowered it to 1% but the employer continued to defer 12% from the participants paycheck. Is this a situation where the excess over what was desired to be deferred can be returned to the participant or is the excess deferral over and above 1% stuck in trust?

Eligibility is 18 and 1 year of service -- immediate entry date. Computation period changes to Plan Year if service is not met during the initial computation period (date of hire to date of hire). Hired 4/1/2017. As of 3/31/2018 -- employee did not complete 1,000. Moves to Plan Year 1/1/2018 -- 12/31/2018. Question: as of 7/10/2018 employee completed 1,000 hours. Does the employee enter 7/10/2018 or does he wait until the close of the 2018 year end and enter on 1/1/2019? Does the determination of the 1,000 hours get done after 12/31 or when they are actually met?