Form 5500, Employer Contribution Deposit, ADP/ACP Excess, 402(g) Limit Corrections...Read More
FAQ's- Paul Erickson & Holly Dayton
What is the Top-Heavy Test?
Most qualified retirement plans are required to run nondiscrimination tests on employee coverage and benefits data. Plans that are found to be discriminatory in favor of highly compensated or key employees must take corrective action in order to remain qualified. Read More
TSC Spotlight- Andrea Gelhar & Becky Fisher
Enhanced Secure File Send
TSC has always been sensitive about handling your retirement plan information. We have a heightened responsibility to ensure confidential information is not compromised. Numerous materials routinely transmitted to TSC include ...
I grew up in Plymouth, Minnesota and have lived in the state my entire life. I attended the University of Minnesota where I earned a degree in Communications. While in college I spent a semester abroad studying Spanish in Madrid, Spain, then traveling to Peru for the summer ...
Jess Godfrey
After graduating from Edina High School, Jess got a degree in Finance from Hamline University School of Business while working at a music instrument retailer - first as a salesperson and later as the manager of the print music department ...
When an employee who has an account in an employer-sponsored retirement plan passes away, the distribution options available to the employee's beneficiary generally depend on the identity of the beneficiary and whether the employee had reached the required beginning date for minimum distributions. This article summarizes some of those options.
Administrative Policies Not Governed by Plan Document
The plan documents adopted for each retirement plan spell out the rules and guidelines that govern the operation and administration of each retirement plan. The Plan Administrator has the sole discretion to interpret the provisions of the plan documents and to identify administrative policies to ensure that the plan is operated in a uniform and nondiscriminatory manner. These internal controls and policies are essential to provide a level of assurance that the plan is operating properly and to ensure consistent procedures...
Founded in 1989, PMH is an independent creative agency and the retail industry's best kept creative secret. We're the only creative agency solely focused on building retail brands with the game-changing strategic insights and flawless visual execution that our clients have come to trust us for...
The Happy Camper Retirement Plan is a calendar-year 401(k) plan that was established in 2014. The data below shows the adjusted account balances as of the top-heavy determination date for the 2017 plan year.
Questions:
1)
What is the plan's top-heavy ratio for 2017?
2)
Will the plan be top-heavy in 2017?
Bonus:
What is the determination date for 2017?
Participant
Key Employee?
Account Balance
Amelia
Yes
$22,500
Branden
Yes
$6,400
Daniel
Yes
$620
Gareth
Yes
$12,250
Cassidy
No
$4,300
Eric
No
$5,600
Felicia
No
$15,000
Hester
No
$4,500
Total
$71,170
Email [email protected] to submit your answer for a chance to win a $25 AMEX gift card!
Articles included in the TSC Translator are intended to provide general information about retirement plan developments and issues. The information provided should not be construed as legal or tax advice or opinion. Readers need to discuss specific factual situations confronting them with their retirement plan service providers and/or legal and tax advisors.
This email was sent by: TSC, Inc. 7300 Metro Blvd. Suite 450 Edina, MN 55439
FAQ's
Featured Client
