"Looking at a possible takeover plan. It's a Profit Sharing Plan, no deferrals, comingled asset account. The plan always has been valued on December 31. The document reflects that. However, in early 2020 due to the major decrease in assets, the plan valuation was run on 3/31/2020, so that participant distributions would reflect the reduced assets rather than paying out the 12/31/2019 account balances. The prior service provider never ran the rest of the quarters for 2020 and instead ran the 12/31/2020 report for the period 4/1/2020 through 12/31/2020. The document was never amended to reflect the change to quarterly. This is the first time I have seen this situation. What are the implications for not valuing each of the quarters during 2020,  and the effect of going back to an annual method for the rest of 2020? What about the lack of amendment to quarterly?"

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"I have a law firm that has approximately 25 partners. A few are more than 1% owners but their net earned income is below $150,000, so they're non-key. Is the law firm required to fund the top heavy minimum, or is that an obligation of the partner who is a non-key employee?"

"A plan participant has 3% stock ownership in the company sponsoring the plan. If you add the stock he is entitled to under their ESOP, though, he would have just over 5%. Would stock ownership under an ESOP be considered in determining who is a greater than 5% owner for purposes of having to take an RMD?"

"A standardized prototype is deemed to pass and allows you to give nothing to an employee who terminated with less than 500 hours. I have a volume submitter document that has each person in their own group. Can I exclude this employee form testing?"

"I remember seeing something about future interest crediting rate assumptions for Actual ROR plans to help pass non-discrimination and minimum participation tests. Does anyone have any reference for this? I'm looking at something where the actual ROR was less than 1% so I am having difficulty with my rank and file passing minimum participation using that as my projected rate."

"Plan year ends September 30, 2021. Participant's DOB is 2/1/1940. What factor should I use? The old table (17.9 years) or the new table (19.3 years) to calculate the RMD? I'm using the value of the plan's assets as of 9/30/2021."