We don't do a lot of large plans so sorry if this is something we should know. But here's the situation: We've handled a MassMutual plan for quite a few years. Their fee and compensation report used to include an item for Indirect Compensation paid to the broker/dealer firm, so we would include them on the list of those receiving eligible indirect compensation. Somewhere along the line, they started to report fees paid to themselves as direct comp, and stopped showing the indirect comp paid to the B/D. We kind of shrugged our shoulders and didn't include the B/D at all on the Schedule C. So now I'm wondering if that is correct (if B/D comp isn't indirect comp I don't know what is). I have exchanged emails with our service rep and she punted to their compliance department, which means we may or may not get a response, and it may or may not be adequate. Anyone else completing things differently, or otherwise have comments?

I have 5 policies that are written to me and my siblings and the company in which it originated from has been merged, shut down, and umbrella-ed into so many companies till no one now wants to give us our money for our father's policies; or they are claiming they can't find the policies because each company has originated new policy numbers. I got in touch with Alabama Department of Insurance, and they claim that it was merged or umbrella-ed into Colorado Department of Insurance. They are 14,000 to 16,000 policies; each one on outside of policy has American Prefered Life Insurance. Profit sharing life insurance contract. How and who can I contact? I really could use some help.

Taxpayer found out that his AGI was too much to make a Roth contribution for 2018 and has an excess contribution of $4,000. He filed his 2018 income tax return on time, but there wasn't enough time to get the excess out by 4/15/19. Trying to decide to take a distribution or change the contribution to 2019. If he takes the distribution there is no 2018 income tax affect because he already paid income taxes on the $4,000. I think the earnings would be taxable in 2019, year of distribution. In this case I think he needs to re-file his 2018 income taxes to show the $4,000 excess. If he changes the contribution to 2019, I think he would still need to re-file his 2018 income tax return because it would still constitute a distribution. Is there a way to fix this without having to re-file his income taxes?

A one-participant plan is late in filing for 2016 and 2017. The prior TPA always had filed a Form 5500-SF. The instructions on the DOL website are clear that non-ERISA plans cannot file under its DFVC program. Under the non-ERISA delinquent filer program, they only accept Forms 5500-EZ. I suppose we could file 2016 and 2017 as 5500-EZs even though SF's have been filed through the life of the plan. Anyone see problems with that?

Two partners are the only employees in a business. They want to start a 401(k) plan. Would they file Form 5500-EZ?

Say a client has had 3 welfare plans under their cafeteria plan, filing separate forms. Then for 2018 they change to a "wrap" document, so only one 5500 will be required. Do you go back and amend the previously filed 2017 forms for the welfare plans to show them as "final" forms? Seems like if you just file the one new wrap plan, you'll get a DOL inquiry as to why you didn't file forms for the plans that get wrapped.