"I have recently connected to a new financial advisor (single member RIA). This advisor actually has 2 businesses.... lets call them Store-Front Advisors (SFA) and Store-Front Investments (SFI). I was just told right now that SFA sponsors a Simple. I already knew SFI sponsored the 401(k). Since the advisor owns both businesses that means it's a control group. My question is.... is it possible for this advisor to fund the Simple through SFA and fund the 401(k) through SFI for the same year? If there was only one business I would advise that it is not possible to fund both plans. But there are 2 separate businesses (owned by the same person). If so I assume we combine both plan contributions to ensure 415 limits are not exceeded."

"Non-profit 457 plan. A participant wants to donate a large sum of money from their 457 account back to the non-profit. Assuming the plan does not specifically provide for this (I haven't read the document, but I don't see how it could) it seems like a taxable distribution to the participant would have to be made, and then donated to the non-profit. I have no opinion on the possible charitable deduction side of things for doing so. Any thoughts on this one?"

"We have a client with a participant who wanted to start contributing Roth contributions at the beginning of the year, but there was a payroll error and they never started. Now the participant is asking how they can make up the missed contributions, since they are looking to make sure they get the Safe Harbor Match. The question is, how can the participant makeup any missed contributions? They are asking if they can fund them themselves and send a check. I didn't think this was possible, and that it should have to be done through payroll (even though it's Roth). I just wanted to make sure that I wasn't missing something."