"We're currently on hold with our client and a platform that I'll call This Retirement Platform. The plan has a terminated participant who has a less than $5,000 vested balance. It's an ERISA plan (there are ER contributions). It has taken us several DAYS to get someone to accept that this is legal. I wish I was kidding. Currently, TRP (by which I mean This Retirement Platform, of course, not naming names) is telling us that such an transaction [1] has to be medallion guaranteed due to 'some 2020 law', and [2] must have 20% withheld because it's leaving the 403b plan -- yes, even if we're sending it to a rollover IRA. They can't cite the actual authority for either of these positions oddly enough. Has anyone dealt with a retirement platform that has tried these tactics before?"

"I was recently informed my client 'switched to a PEO in December.' I recall this is something like outsourcing. I think the PEO is the 'employer' but wouldn't I use the client's EIN? I would assume this is just another way AP or PayChex can 'offer' their 401(k) administration to the client."

"I found a somewhat related post here, but what I've got is a little different. One-person plan, Roth deferrals and profit sharing. The sole prop (who is age 50+) has 2023 net Schedule C income of $29,000, and he wants to max. My pension software tells me that his 1/2 FICA is $2,100 (rounding), therefore net compensation is $26,900. Can he do the entire $29,000 as Roth deferrals? I think it triggers the catch up rule that it can't cause a failure in the year allocated.... but I've never seen it applied to 100% of compensation. If not, I can split it and make some as profit sharing, but it would be simpler to be able to have it all one money type."

"Client was submitting their 1094-C filings with the IRS electronically and two employees' names kept getting rejected. The client learned that they were not authorized to work in the U.S. so the client had to let them go. The client isn't sure what to do next; I suppose the filing must be incomplete. Any suggestions on how to make sure their 1094C filings are accepted?"