"When determining if a disaster qualifies for the SECURE 2.0 disaster relief distributions and loans, is there a 'level' of declared relief that determines if a participant can request a SECURE 2.0 disaster related distribution or loan? For example, I am on the FEMA site looking at the Hurricane Milton disaster page for Florida. They provide a map showing the designated areas. On this particular map there are 4 levels of designated areas. The categories listed are Public Assistance (Category B), Public Assistance (Categories A-G), Individual Assistance and Public Assistance (Categories A and B), and Individual Assistance and Public Assistance (Categories A-G). Do all of these categories qualify as a designated area for purposes of requesting a SECURE 2.0 disaster relief distribution or loan? Thank you very much."

"Dentist along with 2 eligible employees will receive 3% non-elective safe harbor for 2024. Dentist will also fund 10% PS. One employee terminated in 2024 with <501 hours. Coverage test rules seem to say if term <501 hours they are excluded from the coverage testing. Ok, but I'd bet our admin soft ware will say discrim testing fails since Dentist and 1 employee are getting 13% total and terminated employee with <501 hours is only getting 3%. I'm just doing a fast calculation to advise the client. I'm thinking this would fail 401(a)(4) perhaps? BTW the PS is provided on allocation basis not accrual cross-tested basis so no gateway minimum."

"A participant in a 457(f) arrangement passes away and the employer needs to pay the benefit to the surviving spouse. How is that handled from a tax and reporting standpoint? Does the W2 get reported under the participant's SSN or the beneficiary's?"

"In the last month of the plan year, the payroll company correctly withheld 401k from paychecks, but deposited a multiple of 2 payroll withholdings into the participant accounts. This was discovered during the next plan year and pulled out of participant accounts. No 1099-R was issued since it was not a distribution. However, some participants took distributions before this was corrected. Due to the relatively small amounts, the Employer will not be asking for the money to be returned. This leads to 2 initial questions:

1. How to show this on the 5500, I'm thinking: Year 1: instead of Employee contributions, show as 'Other Income'? Year 2: Show as 'Admin Expenses - Other'?
2. For those who took distributions - show their extra deposited amounts instead in Year 1 as an 'Employer Contribution' instead of 'Other Income'? (treating this as Non Elective Contributions may lead to other issues, but still contemplating that)."

"I am working on a Calendar Year CB plan that has an accrual requirement of either 500 hours OR Employment on the last day of the Plan Year. The plan Froze and terminated mid-year, and only one HCE met the 500 hours requirement. I know the Termination date creates a short Plan Year for the purposes of funding, but does it also create a short plan year for the accrual period? Did the participants employed as of the termination/freeze date with less than 500 hours meet the requirements for accrual or do I have to amend the plan and lower the hours requirement? I don't see any guidance for this in the freeze amendment."