Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Jobs and Careers
Reply to "Only 1 week notice they're cutting 401k match in half"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous]This is so interesting! I didn't know that HCE's would be limited to less than the IRS annual limit if the plans failed to meet various tests. As 23:22 asks in her last paragraph, could the company possibly meet the test (and thus HCE could contribute the IRS max) if they automatically contributed a large % of NHCE salaries to the plan? [/quote] Yes, and it's not even that large, especially if they're already doing a match or top-heavy contribution anyway. If the plan amends to a Safe Harbor Non-Elective 401k Plan, the owners could make a 3% fully vested contribution to all eligible employees and negate the need for any 401k testing. They could possibly do it even cheaper by amending into a Safe Harbor Match 401k Plan, and then only the employees who defer into the 401k must receive the employer contribution - no need for that extra top heavy portion to the $0 contributors - and still it negates need for 401k testing.[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
