"I'm wondering any one has any insight into calculating the implicit bifurcation (annuity payment bifurcation) for SSLIOs when valued for a joint life such as a 50% J&S SSLIO. Particularly, my team is debating whether or not it is appropriate to use the plan basis for the J&S conversion or the 417(e) basis. When leveling both the participant and beneficiary benefit I can see a defense for either. I can't seem to find any guidance on this so any input would be appreciated. As a corollary, what are your thoughts when leveling just the participant benefit for something like a 50% J&S SSLIO? We're thinking it makes the most sense to use the plan basis for such a case."

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"Asking for a CPA friend. A terminated participant rolls over his pre-tax 401k account and employer account (SH+PS) directly into a ROTH IRA without any conversion during July 2025 and is now concerned about the taxes. As this is out of my knowledge base, what is wrong with this scenario, what should have been done and what should be done now?"