Compensation Strategies Group, Ltd.
Atlantic Pension Services Inc
Creative Pension Consultants, Inc.
Nicholas Pension Consultants
Nova 401(k) Associates
The Retirement Plan Company (TRPC)/an ABG firm
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|Deduction of Post-Termination Required Funding|
BenefitsLink Message Boards
July 26, 2021
"An employer is required to fund additional money due to market fluctuations to pay out the final benefits and close a plan. The date of the funding is past the deduction deadline (9/15/20) for the year of plan termination (2019). Can they deduct the contribution for the year it is made even though the plan was not active for that year? I am being told that it's not deductible for 2020 because they didn't have a plan for 2020."
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