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  • Originally posted by CalMD View Post
    Here is a very informative Department of Labor website to see the annual Plan 1 filings, ie, Form 5500, with audited report, Schedule H (type of investment at the TPMG trust), etc. It's easiest to search by the employer identification number (EIN 942728480) and Form Year. It is also interesting to compare the retirement plan details of TPMG and SCPMG. One fascinating information...SCPMG has higher average salaries!

    ​​​​​​https://www.efast.dol.gov/portal/app...execution=e1s1
    Interesting I always thought SCPMG paid less thats why they get ET time and such.

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    • Originally posted by CalMD View Post
      Here is a very informative Department of Labor website to see the annual Plan 1 filings, ie, Form 5500, with audited report, Schedule H (type of investment at the TPMG trust), etc. It's easiest to search by the employer identification number (EIN 942728480) and Form Year. It is also interesting to compare the retirement plan details of TPMG and SCPMG. One fascinating information...SCPMG has higher average salaries!

      ​​​​​​https://www.efast.dol.gov/portal/app...execution=e1s1
      Where do you see average salaries, PN 011 on page 32? Doesn’t seem accurate and pretty low.

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      • Anybody have additional opinions or input on the TPMG shares? Debating whether to buy all or just partial (maybe minimum or 50%)

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        • Bumping this thread up to see opinions on the shares. What is the minimum and maximum amounts? Still a year away from that but want to plan what im going to do with some extra cash.

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          • Minimum (I believe) is 1 Class A + 1 Class B = 40K
            Maximum is 1 Class A + B + 5.2C ~ 143K

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            • This is how I looked at the C shares; it is comparable to S&P500 in return for the past 10 years, and lower return for the past 5 years. Most colleagues I know could not purchase all available C shares at one time, and borrow from Kaiser credit unions. With borrowing cost, the return would be lower compared to S&P500 for the past 10 years although the fluctuation is much less. Depending on investment objectives, the additional $100000 in C shares could be a significant percentage of net worth at this point of new shareholder's career. I am using the 10 years return for comparison since the C shares were available since 2010, about 10 years ago.

              Be sure to check various Kaiser credit unions to find the most favorable interest rate.

              I had looked into holding the shares in 401k, or have the "bonus/incentive payment" categorized as "dividend" so it would be taxed as capital gain instead of ordinary income, but not successful. Perhaps with enough shareholders looking into this, the organization can look at these with a different point of view.

              With estate planning also in mind, download the "Assignment" form from MDPeople and assign the shares to the living trust. Most colleagues overlook this part.

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              • Thanks. Is it possible to keep a and b but to sell c shares prior to retirement in case end up needing extra cash? Also does this end up being taxed as income or capital gains?
                Last edited by tonyjerry; 02-13-2021, 10:52 AM.

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                • Originally posted by tonyjerry View Post
                  Thanks. Is it possible to keep a and b but to sell c shares prior to retirement in case end up needing extra cash? Also does this end up being taxed as income or capital gains?
                  I don’t think you can sell until you separate. It is taxed as capital gains.

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                  • In the Articles of Incorporation:

                    "Twelfth: Except as provided by law, no shares of any class of Common Stock of the corporation may be transferred by a shareholder, including to another shareholder, but may only be transferred to the corporation. All shares of each class of Common Stock shall be transferred to the corporation in complete redemption and cancellation thereof if

                    (a) the shareholder dies;
                    (b) the shareholder becomes a disqualified person as defined in Section 13401(d) of the California Corporations Code;
                    (c) the shareholder’s employment by the corporation is terminated by a two-thirds vote of the authorized number of Directors;
                    (d) the shareholder’s regular work week is reduced to less than three (3) days or the equivalent thereof;
                    (e) the shareholder ceases to be a resident of the State of California; or
                    (f) the shareholder’s license to practice medicine is revoked by the Medical Board of the State of California or the Board of Osteopathy of the State of California.

                    The transfer in redemption and cancellation shall be made immediately upon the happening of the event specified in (a), (b), (c), (d), (e), or (f) above, and after the happening of such event neither the shareholder nor any successor thereto shall have any voting or other rights with respect to such stock except the right to receive payment therefor. The redemption price per share shall be its book value as most recently determined by the Board of Directors, which determination shall be binding and conclusive on al parties. The redemption price shall be paid in cash upon transfer of such stock.

                    No employee whose regular work week is at least three days or the equivalent thereof an who is a shareholder of the corporation shall have employment terminated by the corporation except by a two-thirds vote of the authorized number of Directors."

                    Therefore, buying an index like S&P500 would generally yield higher return with more liquidity compared to the C shares. The gain is Federally taxed as capital gain, however in California, capital gain is taxed as ordinary income.

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                    • CalMd, can you explain the reason for assigning the shares to a living trust?

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                      • By assigning the shares to the living trust, the shares can be held in the trust and avoids probate. Most living trust includes a pour over will, so likely even without assigning the shares to the living trust, it is taken care of by the pour over will. However, assigning the shares to the living trust avoids confusion.

                        Many estate lawyers even in the SF Bay Area do not know TPMG's corporate structure in details. Do explain that to the estate lawyer so the trust can be set up properly. As aways, consult an estate lawyer for details and recommendation.

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                        • Anyone know how the stable value fund option in the 401k works ? TRP capital preservation fund. Maybe good alternative to bond fund ?

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                          • Originally posted by NationalPark View Post
                            Anyone know how the stable value fund option in the 401k works ? TRP capital preservation fund. Maybe good alternative to bond fund ?
                            https://www.troweprice.com/document-...sheets/CPP.pdf

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                            • I just got a contract offer for TPMG and don't see anything about the forgivable loan (not home loan) people are talking about. Can anyone share information about that?

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                              • Posting to bump, but also to recommend that you might want to reach out to some of the docs who posted about it on this long thread or ask the bene’s dept. Hopefully, one of the posters will jump in, also!
                                Our passion is protecting clients and others from predatory and ignorant advisors. Fox & Co CPAs, Fox & Co Wealth Mgmt. 270-247-6087

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