"Company always deposits 401(k) on time. first 401k with new recordkeeper, despite best effort they couldn't get it through until past 7 business days. I think we still need to report it but I feel like it's a reasonable period due to circumstances."

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"We are looking at a plan that is a 1 participant DB that has existed 9 years but has never had an AFTAP. Benefit accruals are not frozen through year [5] Benefit accruals are frozen years 6,7,8 and [9] Clearly the participant does not get benefit increases for years 6-9. If she worked more than 1,000 hours each year in years 6-9 does she at least get a 415 limit increase for years of participation? I would think not. This appears to be a plan that has always been well funded. If an AFTAP is done this year (above 110%) is there any way to restore accruals (and 415 limit increases) for years 6,7,8 and 9?"

"Our plan document uses the IRS safe-harbor rules for hardship withdrawals. Am I correct that overdue student loan repayments do not count as approved reasons for hardship withdrawals? I don't want to deny the request until I am sure."

"A plan was required to be audited in the past but no audit required now since the # of account holders dropped just below 100 as of 1/1/2023 and 1/1/2024. Looking ahead to 2025 -- what if the account holders go to 105 as of 1/1/2025? I'm reading that the plan can file as per the prior year if between 80 and 120 account holders. So in this case the plan could file 5500-SF for and no audit for the 2025 plan year?"

"There's a Plan with only owners + family members participating in the 401(k) portion of the Plan. They are doing a basic Safe Harbor Match (110% of the 1st 3% plus 50% of the next 2%). So obviously the Plan is Top Heavy and only the owners + family are getting the Match. My understanding is that this plan is exempt from Top Heavy Testing, since they are doing the match and are offering the 401(k) Plan to all employees each year (no one else wants it)."