"We administer a small profit sharing plan for a physician with a total of 9 participants. All plan assets are pooled. The physician retired in June 2025. He let us know he retired in November 2025. So we had him terminate the plan effective 12/31/2025. They had 3 employees terminate employment in late 2024. We provided benefit elections to the 3 and they returned the executed benefit elections. In early May 2025, we provided an instruction letter to the physician who is also the sole trustee of the plan to distribute benefits as the participants had elected. Instead of paying their benefits from plan assets he paid them from his company checking account. This even though the instruction letter specifically told him to pay these benefits from the plan. At this time we want to wrap up this termination by distributing to all remaining participants. We thought it would be a matter of reimbursing the company from plan assets for those participants that were mistakenly paid from the company checking account. However, we just found out that his company checking account no longer exists. What would you do?"

"[1] Primary Statutory Authority ... [2] Treasury/IRS Notices, Proposed Regulations, and I.R.B. Materials.... [3] IRS Webpages, Forms, Instructions, and Filing Mechanisms.... [4] IRS News Releases and IRS Public Announcements ... [5] Treasury Department Materials and Administrative Implementation.... [6] Official Trump Account Platforms and White House / Executive Office Materials ... [7] Related Executive Order -- TrumpIRA.gov / Saver's Match, Not Code Section 530A Child Accounts ... [8] DOL / EBSA Materials."

"I am considering changing software systems (small DC plans, less than 100 1099-Rs per yr) -- going to FT William from Datair. I also have lost my Distributions clerk, so I'm not totally familiar with the IRIS system of filing 1099-Rs yet, but had to go it alone this past January.... For FT William users does the FT William software integrate somehow with the IRIS system? I might not opt for their 'add on' module of 1099-R prep if I have to manually use the IRIS system anyway. Thanks!"