"Am I required to give a new TPA who is replacing me a copy of the plan document?"

"I have a client who has a C corporation. He did a split dollar life insurance collateral assignment. He assigned his whole life insurance to the C corp. The corp. pays the premiums and he personally pays the PS 58 costs. On the corporation books is the cost (premiums paid). If he decides to cash in the policy, he will have a taxable gain personally, because he stills owns the policy.He is now going out of business and I want to close out the corporation, what happens to the cost of the insurance on the books? Does he need to repay the cost of the premiums? He is the only employee and shareholder in the company."

"Medical insurance company offers Vision as an option through its benefits, which itself is provided by a separate Vision insurance company. Some groups will buy the Vision directly from the Vision company, others will bundle it with the medical insurance. For those that bundle it, premiums, commissions etc. are included in the medical company's provided Schedule A letters. That's all fine. The medical insurance company itself prepares its 5500. They do not include a Schedule A for their own medical benefits for its employees. They include a Schedule A for the Vision that they purchase from the Vision insurance company. Now, they are switching internally how they purchase their own Vision -- they are now including it in the bundled option for themselves. So, the question -- would it still require a separate Schedule A letter? Vision company does not want to provide one because of the extra accounting etc. but medical insurance company can run the accounting for themselves."

"This 401k plan does permit hardships for non-safe harbor reasons. But does that mean it can be any hardship that the Plan Administrator deems to be an acceptable hardship reason? Assuming it meets the immediate and heavy financial need, would an employee purchasing a new furnace for which she has no other means other than the plan be acceptable? She is a non-HCE and we assume that any future requests for new furnaces from other employees would be reviewed and accepted."

"When I am hand calculating earnings on an ADP refund, I usually take the gross amount of the refund, divide it by the amount of the contributions deposited in the year to get a factor. Then multiply the factor times the earnings of the period to get the earnings on the refund. For example, $5,000 deferrals and $1,000 refund. Factor 20%. Earnings $500. Refund earnings $100. However, in this case, the participant is getting (nearly) all of her deferrals back ($5,800 out of $5,850). AND, not all of the deferrals were deposited during the year. So, my factor is over 100%. To cap it off, there was a zero balance to start the year. So, I now have refund $5,800, deposits $5,000. So my factor would be 116%. My thinking is to use $5,000 plus all the earnings plus the remainder of the deposit. So, $5,000 + $500 + $800 for a refund of $6,130. What do you think?"