"Plan has discretionary match but no allocation conditions (no last-day employment rule). Plan sponsor now considering making a 2020 discretionary match but wants to amend to add last-day rule. OK, or a prohibited cutback for participants who deferred in 2020 but have terminated employment?"

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"A self-directed IRA has invested in a collectible that does not meet any of the exceptions in Code Section 408(m), and therefore the IRA is treated as having distributed the cost of the collectible to the IRA owner. [1] In addition to the deemed distribution, does the IRA's investment in the collectible constitute a prohibited transaction, or could a prohibited transaction arise if appropriate steps are not taken? [2] Does the IRA custodian have any duty to ensure that the IRA owner correctly handles the deemed distribution, or have a reporting obligation regarding the deemed distribution?"

"Husband-participant died amount a month ago while still employed. The wife already called Fidelity and has submitted a form. She does not reside in the United States. Husband was in the process of petitioning for a divorce from his wife when he died. I wonder how long would it take for the wife to claim the benefits?"

"Taking over a 401k plan that doesn't have profit sharing as an option in the document. I've never encountered this; we always have profit sharing as an option in our 401k plans. Client wants to add profit sharing for 2020. Is that allowed?"