General 401k Questions

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?

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...

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.

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...

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?

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?

Is my 401k plan considered an asset?

feeds@yuku.com (worker13) — Tue, 13 Oct 2009 07:27:14 GMT

Is my 401k plan considered an asset?

I am a veteran and I just lost my job. I went to a New York Veterans Hospital for medical help since I have no income and could not afford medical treatment froma civilian doctor.

I was told that I would have to pay full price since my '401k plan is considered as a added income'? Is this true? Will this stop me from getting food stamps? Public assistance?

I really need to go to the hospital since I am in constant...

How do I know if I can get my fathers 401k?

feeds@yuku.com (krista26) — Mon, 12 Oct 2009 07:45:33 GMT

My father had passed a while back. All his life insurance policies were left to his ex-girlfriend. I have talked to a lawyer and he said there is nothing I can do to stop her from getting it. But what about me getting his 401k? How do I find out information on it?

Employee AND independant Contractor for same company 401K or not?

feeds@yuku.com (southpaw) — Sun, 11 Oct 2009 05:26:29 GMT

Hope someone can help....

I think I may have a unique situation.....

I am a full time employee for a sports facility and I receive a W2 at the end of the year. The company does NOT offer 401K's. In addition to being a full-time employee I am also a Independent Contractor for the same company and receive a 1099-misc form at the end of the year also, stating my additional income for additional contracted work. The income received from this additional work is filled in...

Multi-employer Plan exit and transfer of Assets

feeds@yuku.com (SC) — Sat, 10 Oct 2009 13:16:47 GMT

I am a Participating Employer (single employee) on 2 qualified MEP (DC and DB Plans); I want to withdraw participation on both and take all the funds (including the non-vested) contributed by my LLC, as allowed by the Plan documents. I understand I have to create a individual 401K Plan and than make the transfer; questions:
1) can I set the Individual 401k Plan rules, to allow for transfer of the old DC and DB Plan funds? or do I need to set up, 2 separate Plans, which is more costly ?...

401k - confusion about direction

feeds@yuku.com (plokiju) — Mon, 05 Oct 2009 18:05:28 GMT

Hi, I have a 401k account from my employer and they provide this list of funds to select from. But the funds are all really expensive not to mention the performance is down in everything (bad economy, I know) and I want to be able to work with an outside money manager who can buy other stuff (stocks, bonds, etc.) with it. Can I do this? I've talked to the company that provides the funds and they told me that I can only buy funds (maybe because that's all they do?). Can't I hire my...

Tax question for 401K withdraw for education.

feeds@yuku.com (dcaldwe8) — Wed, 30 Sep 2009 11:01:34 GMT

I want to use my 401k ($8,000) towards attending flight school. The school is considered a non-traditional school and therefore not eligible for government grants or loans. First does anyone know what tax % or fees I can expect from the government for taking this out? Also is there anyway to reduce it because I am using it for education purposes? Thanks!!!

402 (g) limit question; does it run according to the year in which the plan year ends, or when it begins?

feeds@yuku.com (Edo80) — Tue, 29 Sep 2009 16:40:35 GMT

Does the 402 (g) limit run according to the calendar year in which the plan year ends or the calendar year in which it begins?

No money for Employer Contribution

feeds@yuku.com (rzubovic) — Mon, 14 Sep 2009 07:51:08 GMT

I am a third party administrator and have not had this happen before. I have an employer who has not funded their 2007 or 2008 safe harbor contribution and is now telling me that they can't. In addition to being safe harbor, they are also top heavy, so a 3% contribution is required for multiple reasons. Are there any options? Can they take a loan or hardship from their personal account to fund this?