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Set Up a Sole Proprietor DB Plan Now -- for 2020 -- by Using a Jan. 31, 2021 Year-End?
BenefitsLink Message BoardsLink to more items from this source
Sept. 22, 2021

"A sole proprietor wants to set up a defined benefit plan for 2020. I can technically set up a DB plan now starting 2/1/2020 with a plan year ending 1/31/2021, such that minimum funding would be due 10/15/2021. Plan document would read income used for the calendar year ending within the plan year. What is your thought on this?"

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