"A medical practice agreed to convert their plan from RK A to RK B. The plan has several self-directed brokerage accounts that are offered through RK As recordkeeping system so everything is (was) working fine. Upon notification that the plan was leaving, RK A told the Plan Sponsor that all assets in the SDAs would need to be liquidated and the cash transferred to the core accounts to then be liquidated and transferred to RK B. Dr. X, who is a partner / member / owner, but not a majority owner, refused to liquidate his positions because he has a specific Russian ETF that is illiquid and represents a $250k unrealized loss. The fund is actually in the process of being liquidated by the fund company, but there is no known timeframe for when this process will end. The Plan Sponsor still wants to convert from RK A to RK B but is at a standstill due to Dr X's refusal to liquidate his account. Dr. X is not eligible for in-service withdrawals so he can't distribute in-kind shares to an IRA. We have politely told him that he is potentially creating a fiduciary issue since he is taking his personal account into consideration and not doing what is in best interest of plan and other participants. Can anyone chime in with thoughts on how to proceed? If at all?"

"If the benefit is distributed as an annuity for life, can it begin any time, even if the employee is still employed, without the employee incurring a 10% early distribution excise tax under Code section 72(t)?"

"One-person plan that at one point had some assets -- never enough to need to file a 5500-EZ. All the money was invested in two limited partnerships.... that went bankrupt. So the two assets are literally worth zero. Now he's terminating the plan, and I've got to file a 5500-EZ for the final year. But it's going to start with $0 BOY; that seems like we're just asking for trouble. Any suggestions other than to wait for the inevitable letter from the IRS?"

"I passed my QKA exam last year and am now interested in taking the QPA exam. Could you please clarify if it's possible to take the QPA exam without first completing the QKC exam, or if the QKC is a prerequisite?"

"Administer a 1 participant DB plan. Sent to us by an insurance agent. When the plan was established 10 years ago, the life insurance was exactly 100 times the projected benefit. The client still wants to keep the plan but does not want to fund as much. Dropping the benefit formula will make the insurance more than 100 times the projected benefit. What happens if the plan were audited and it was determined that the life insurance upon purchase and for 10 following years met the 100 X rule but now does not?"