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Investments Flashcards

1
Q

How to close out a loan under $20

A
  • notice from TPA to close out loan

- 1099r not made

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2
Q

When is 1099r mailed

A

-Jan next year

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3
Q

JH needs for an allocation

A
  • payment

- investment instructions

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4
Q

Eedef

A

Pre tax

Ppts choose how much to defer

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5
Q

Roth

A

After tax

19k IRS limit applies

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6
Q

Ermat

A

Er can match eedef or roth

Pretax

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7
Q

Erps

A

Based on compensation + years of service

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8
Q

Vesting definition

A

Ee gain full ownership of er contributions after they have worked for the employer for a certain number of years

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9
Q

Vesting schedule made

A

Follows IRS and DOL rules

Set up in plan document

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10
Q

MT

1000 ab

A

Plan pays out in cash

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11
Q

MT

1-5k

A

Plan must RO to IRA

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12
Q

MT

AB 5k+

A

Need ppt consent

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13
Q

1099r

A

JH produces and mails to Jan following year

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14
Q

Taxes

A

Consider fed, state, and penalty together always

Even if 0% tax

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15
Q

Nero tax collected

A

Option to take now or at tax time

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16
Q

Ero tax collected

A

As it comes out

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17
Q

SR will automatically be processed when

A

5 days after msg centr msg

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18
Q

Rmd

A

Annual

Turns SWD on

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19
Q

Installment PY

A

TE RE PD

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20
Q

How often SWD installments are

A

Annually, bi-annually, semi-annually, and quarterly

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21
Q

Where in apollo to see if swd turned on

A

CN > CF

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22
Q

YP

A

Check if allowed on plan

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23
Q

IR

A

Rollover WD

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24
Q

Ec

A

Excess contribution

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25
Excess contribution
Excess of annual non-discrimination testing limits
26
Ed
Exceess deferrals
27
Excess deferrals
Over 19k
28
Ea
Excess annual additon
29
Excess annual addition
Over 6k or 100% of irs limit, whichever is less
30
Yp allowed on plan but not on site
Tpa needs to edit pi
31
Rmd calculated by
Jh
32
Rmd PY frequency limited to
Annually
33
Swd PY made by
Ach
34
Taxation for swd depends on
Years
35
Swd under 10 yrs (tax)
20% fed (ero)
36
Swd over 10 years (tax)
10 %
37
MT under 5k
Er can distribute money w/o ee consent if ab under 5k
38
Roth not taxes
Roth in plan at least 5 yrs Ppt 551/2 or DI DE
39
Eedef contributions and investment earnings taxed
At distribution
40
Ero
TE RE | DE + QD (spouse)
41
Ero taken in cash (taxes)
20% fed State taxes (if applicable) 10% penalty (under 59 1/2)
42
Penalty taxes collected
By IRS at tax time
43
Max HA def
IQ > HA
44
Psw max HA DEF
Accounts Click their name Eedef tab
45
What money types are allowed for HA
Withdrawals > Hardship provisions
46
Apollo identifies an AL for a ppt whose last txn was | SWD
Full TE RE DE or DI
47
Apollo suspends the SR WD and creates a SIL to validate with AS
AL 6 mo after original WD 3 SR for same ppt Original WD was for an MT
48
SWD processing restrictions
Distributed between the 5th and 20th of the month
49
Swd distribution options Fixed period
Ppt selects # of years JH calculates $ amounts
50
Swd distribution options Fixed amount
Ppt selects $ amount JH pays out until balance is zero or ppt takes a total WD
51
How many bank accounts under contract
Psw > contract overview > ach accounts
52
Where to find uncashed checks
Psw > main page > uncashed checks
53
Crop
Check request over payment
54
What do you need a crop for?
Any py to tr Sending $ back
55
Apollo code $ is here
Al ok
56
Apollo code Waiting py
Al ap
57
Search $ in FT
Cc
58
How to reissue checks
Form > unsettled py direction
59
What to check for stale dated checks
See if they’ve been cashed
60
How to add contacts
Form> client contact and website access request form
61
Employer unvested money YN
Cash account
62
Employer unvested money NN
Remained in ppts account
63
Employer unvested money YY
Client has check Money left JH
64
Apollo vesting instructions screen All are 100%
Ppt got money
65
Employer unvested money meaning
What happened to the money the client did not have ownership of

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