"Company is owned by dad and son 50/50. Company employs mom and daughter (son's sister). All above are HCEs for 2021. On March 1, 2022, dad sell his portion to son, so son becomes 100% owner. When does sister become a non-HCE?"

"he late filing penalty for the 5500s used to be $25 per day. It seems that was increased to $250 per day. This seems quite high in relation to tax returns that, even if filed up to a month late, the penalty is a SMALL percent True, there is the DFVCP that caps the penalty at $750 but, if someone files a day or two late, the penalty is $500 -- is that correct?"

"Due to a coding error there were several benefit plans (e.g., voluntary life) that were coded as pre-tax but they should have been coded as after-tax. This happened for about 2-1/2 years. No life insurance proceeds have been paid there yet. Error was discovered and fixed going forward. Does anyone have experience with this and how to go about fixing the past errors?"

"I have a plan that will be terminating, perhaps on 7/1/2022. All participants would become fully vested. What about any participants who are paid out during the first 6 months of 2022? Would they need to be fully vested, and therefore get a supplemental distribution? Or should I fully vest them now, knowing the plan will be terminating? Trying to avoid any issues."