401k Help Forum

pre-retirement catch up ?

feeds@yuku.com (tomhu) — Fri, 06 Nov 2009 14:43:33 GMT

Hi,
I got the early retirement package from my ex-company. Company paid me some 401k match money and some severance pay. Since I will not be employed, is any way I can still contribute some catch up this year or next year to the plan. I heard some deferred compensation has pre-retirement catch up? Is it applied to this?

Thanks,

Simple IRA & 401(k) Plan

feeds@yuku.com (kleep) — Fri, 06 Nov 2009 11:30:43 GMT

Can a company have a 401(k) Plan and a Simple IRA? If so, is it just subject to the 402(g) limits, combined?

Former employer will not send in rollover paperwork

feeds@yuku.com (Need Some Advice) — Wed, 04 Nov 2009 17:40:36 GMT

I left my old employer about two and a half years ago. I had a small 401(k) account (under $10,000) in their 401(k) plan. About 8 weeks ago, I sent in the paperwork to my former employer to rollover this 401(k) balance to my IRA account. I kept checking my IRA account and, after several weeks, noticed that the rollover never took place. I called my ex-employer and the person in charge of the plan mumbled something about they had had problems with the existing recordkeeper/custodian and that...

Cashing out with an outstanding loan.

feeds@yuku.com (borrelli) — Thu, 29 Oct 2009 16:49:38 GMT

I have a quick question that hopefully someone can answer. For reasons I wont go into here, I'm going to need to cash out my 401k. I have taken a loan out two years ago which went into default, then was reported as part of my income, and the taxes were paid. Can I cash out my remaining 401k balance, minus the 10% penalty, or would the defaulted loan be deducted first, then I receive the remaining balance? Thank you

401K Withdraw - Divorce

feeds@yuku.com (hodo2002) — Wed, 28 Oct 2009 09:37:09 GMT

I need some advice if possible. My wife advsed this week she wants a divorce. She's agreed to let me keep my 410K($170,000) in return she keeps her inheritance approx. $70,000 plus her 401K about $70,000. So far I'm ahead in the deal by $30,000. Now I want to keep the house I live in and we have about $70,000 equity in the house. My question is would the IRS allow me to tap into my 401K and allow me to pay her her half of the equity $35,000 plus pay off the remainder of the...

withdrawal at 59 1/2

feeds@yuku.com (mlefler) — Tue, 27 Oct 2009 16:43:37 GMT

If I am still employeed but wish to close my 401K after I turn 591/2, can my employer deny me my own money?

rI need help with a 401k/IRA rollove

feeds@yuku.com (cuseman03) — Mon, 26 Oct 2009 09:41:03 GMT

ok so I'm on my 4th job now and I have 4 401ks. I took 3 of those 4 and rolled them into a traditional ira. I also opened up a roth ira. My plan was to wait for the new agi rules to go into effect jan 1 2010 and roll the money in my traditional into my roth. That still leaves me with my current 401k. my question is that when I leave my current company at some point will I be able to still roll that 401k into my roth? Essentially I'm asking if you can roll multple times into the...

checklist for 401(k) plan document?

feeds@yuku.com (mclaridge) — Mon, 26 Oct 2009 07:58:26 GMT

I need to review a 401(k) plan document and am looking for a checklist or something that offers information on the required features, due dates of required amendments, etc. Does anyone have resource for something like this? Thank you.

Profit-Sharing Plan with 401(k) feature question; can a situation occur where

feeds@yuku.com (PivotTable) — Sun, 25 Oct 2009 15:23:59 GMT

Profit-Sharing Plan with 401(k) feature question; can a situation occur where an employee does not receive a profit-sharing allocation but may still make a deferral?

401k/Retirement Plan Liability Exposure

feeds@yuku.com (jw cfp) — Wed, 21 Oct 2009 20:15:05 GMT

In the case of a personal injury -- say that someone injures themselves on your property -- are qualified retirement plans subject to liability claims by the injured party, or are they exempt (i.e., "protected.")?

401k loan question

feeds@yuku.com (Jesse) — Wed, 21 Oct 2009 18:39:48 GMT

I'm wondering if there is any way to not have your 401k cashed out if you have taken a loan against it and are now quitting your job. Any info would be greatly appreciated.

Looking for outsource service model for my 401k plan

feeds@yuku.com (neil von) — Tue, 20 Oct 2009 09:07:25 GMT

I have a 401k plan that will not accept a private placemenrt note that I would like to umbrella into my plan. Does anyone know of a custodian/trustee who would accept a wire,hold a note, and do the recordkeeping? It would umbrella under with the plan reporting prototype I am using now.

401k loan after a default

feeds@yuku.com (getsitdone) — Sun, 18 Oct 2009 06:58:47 GMT

I had to default on my load due to long lay off. Back to work now but bills are behind. Can i take another loan on my 401k after i have defaulted on a previous one?

Can I change the tax years for my Solo 401(k) contributions??

feeds@yuku.com (Jmsb) — Fri, 16 Oct 2009 20:38:56 GMT

I contributed money to a Solo 401(k) for tax years 2008 and 2009. I contributed $5,000 for '08 and $8,000 for '09. I wanted to combine these contributions and just have the total $13,000 applied to 2008 so I could have a larger tax deduction. I filed an extension on my tax return, so I had until October 15 to make contributions. I called the fund company where my Solo 401(k) is held, and they said that it does not matter what tax year I indicate on my contribution since they don't...

Death Benefit w/o beneficiary

feeds@yuku.com (steve1) — Thu, 15 Oct 2009 07:53:44 GMT

What happens when a 401k participant dies and leaves behind no beneficary and no known next-of-kin? To make matters worse, the 401k plan is terminating and all accounts must be paid out. What would be the best thing for the trustee to do with the deceased's account?

Moving from a company that has 401k to a Teachers Retirement

feeds@yuku.com (laqsy03) — Wed, 14 Oct 2009 22:55:16 GMT

I am currently leaving a company that has 401k to work for the school system which has TRS(Teachers Retitrement System). Is there a way for me to transfer that money over, is it better to withdraw the money, or palce it in another retirement account?

Implications of defaulting on a 401k loan upon retirement

feeds@yuku.com (Diver d) — Wed, 14 Oct 2009 09:39:53 GMT

If I owe $20k on my 401k loan and don't repay it when I retire in early 2010. Will that $20k be added to my income for the year such that it could have an impact on my social security benefit?

Previous EMployer That Went Out of Business

feeds@yuku.com (vcoleman) — Wed, 14 Oct 2009 00:45:52 GMT

Hi, While trying to deal with some financial struggles I have been thinking about times in my past that I may have not acquired money I was entitled to. I am pretty sure that when I left a company I worked for back in 2001 I left money in a 401k account. That company has since gone out of business. I have gone to the FreeErisa site and found documents with some of the info on them, but they do not list a plan provider and I lost a ton of old paperwork in a move a few years back and do not...

Timely 401(k) deferrals, which DOL regulation requires timely 401(k) deferrals?

feeds@yuku.com (Edo80) — Tue, 13 Oct 2009 15:53:51 GMT

Hopefully, the DOL has posted it online. Anyone know which one calls for timely 401(k) deferrals)?

Safe Harbor Question; deemed to have met ACP or ADP test does not meet that one would actually pass it, right?

feeds@yuku.com (Edo80) — Tue, 13 Oct 2009 15:50:43 GMT

Safe Harbor Question; they say one stands as deemed to have met ACP or ADP test does not meet that one would actually pass it, right? If one calculated it out, the plan would not pass the ACP or ADP test, but following the safe harbor provisions gets one a reprieve?