"Owners child works part-time and has not met 1,000 hours in 12 months, but they are now an LTPT. I can exclude LTPTs from ADP testing. So the kid can contribute 50% of pay, right? Is this too good to be true?? Maybe there is something that says otherwise but it's something that never even crossed my mind until I saw it happen this morning.."

"A PS-only plan established in the 1990s wants to add a 401k provision in 2024. They have more than 10 EEs. Must they implement an Automatic Contribution Arrangement? Everything online seems to indicate 'no'. But the IRS grab bag notice says the qualified CODA had to have been established before 12/29/22."

"Small profit sharing only plan with incorrect contribution allocation issues(due to inaccurrate compensation figures) needs an ERISA attorney to handle communications/negotiations with the IRS due to plan audit. The TPA can do any calculations, testing, 401(a)(4), etc as needed but isn't a law firm, and the sponsor is at the point of needing to hire formal help. They would really like to find one local to them in the New York City / New Jersey metro area. Do any of you have specific suggestions for attorneys or firms in that area? Self referrals are welcome."

"Client sends me a Quickbook payroll detail with a line for Tuition Assistance in the 'Employer Taxes and Contributions' section (the section that shows things the ER pays, like the company part of Medicare, the company part of SS, 401k match, etc. I asked about it, and the client said that this was the up to $5,250 that the ee can get without being taxed. This was new to me, so I did some research ...

"Anyone familiar with this kind of thing? 'Reimbursement' is what I'm focusing on. The client has three employees getting this, all over the $5,250 threshold. Let's say one of them is at $7,000. Do I need to count $7,000 or $1,750 somewhere? I'm thinking 'no', and I'd like to assume (ha! I will try and confirm) that no part of this is in the Gross Pay. If it matters, the plan uses W-2 comp and also excludes 'taxable employee benefits' from comp."