"An employee terminated employment and requested a rollover from the 401(k) plan in a letter to the employer and the employer forwarded the request to Fidelity. The request was for a direct rollover to an IRA. Apparently a check was issued to the employer, who deposited it into a company account and will be issuing a check to the IRA custodian. Is there a scenario where this is ok? Shouldn't the distribution go from the trust directly to the IRA custodian?"

"I'm looking for someone who has published the table that has the permitted disparity factors. So the one I have has 3 columns, one each for SS Retirement Ages of 65,66 and 67, and then has all of the NRA ages in each row. Can someone share that?"

"Cannot determine if calculations right/wrong for incidental maximums. Insurance is whole life so would apply 66.66% for 74-307. Plan NRA is 62.

• Participant was age 35 on 1/1/2021 - effective date of the plan. Total 27 YOP to NRA.
• Participant got insurance effective 1/1/2023 at age 37. Total 25 YOP to NRA.

Participant average compensation is 20k/month - 415 lump sum at NRA 3M (made up).

Benefit formula is 75% of average compensation i.e. projected benefit at NRA is 15k/month - PVAB at NRA based on plan AE assumption 2M (made up)

1. To determine 100X, one should use formula benefit at 15k/month so face amount maximum is 1.5M, correct?
2. To determine ILP theoretical contribution under 74-304, law requires participation years. The LRM language (where document reflects the same) is "using the individual level premium funding method from the age at which participation commenced to NRA".
3. Based on literal reading of the law, for 74-307, I need to calculate starting from age 35 i.e. 27 YOP, correct?
4. For 74-307, the lump sum I have to use is the 2M figure (not the 415 figure), correct?"

"This is in regards to 2024 being the first year that RMD's are no longer required from Roth Accounts. As of 12/31/23, owner has no Roth balance in his account. On 4/1/24, he converts through an in-plan Roth Conversion, 1/2 of his account balance to Roth. 1099-R will be issued. The question is whether he is still required to take a full RMD based on his 12/31/23 balances/money sources, or if this Roth conversion can cover a portion, if not a half or even all of the actual RMD?"

"I was awarded a transfer of 100k from Fidelity 401k retirement account.... Divorce was final and QDRO ordered. But Nothing! Lawyer says waiting on OC for info. It's been months.... No response from attorney. I created my own acct. with Fidelity to try to do this myself! I will contact county clerk today. Please Advise!"

"Apparently you type in 'determination' instead of Form 5300 on pay.gov. in order to get the 5300 form. ... Every other form, including 5307, you are asked to fill in the number of the form or the Agency. Type in 5300 and you get a blank. Type in the IRS and you get other forms, like the 5307, but not the 5300."

"We were asked to prepare Form 5500 for a long-ago frozen 403(b) plan for a small group of nuns. We filed the 2022 5500 but the 8955 never crossed my mind like it does for all our 401(k) plans. The nuns ran an organic farm. It stopped operations long ago and they are all very elderly. So I supposed they terminated employment and probably would/should have been reported on 8955 some years back. Not knowing if they have been we could report them now for 2023. Thoughts?"