The only criteria for an allocation is age.
What standard is necessary for each rate group to pass the 410(b) criteria in order to satisfy the broadly available criteria? Does each allocation rate containing an HCE need to have a ratio percentage equal to the safe harbor percentage or does it need to be at least 70%. If I understand the rules, this depends upon whether having the groups defined by age would be a valid objective business criteria.
Comments? This is the first time I've tried to apply this exception to the gateway rules
Edited by AndyH, 24 October 2003 - 03:47 PM.