To BenefitsLink home page           EmployeeBenefitsJobs.com is where the best employers find the best candidates!

Welcome Guest ( Log In | Register ) · 0 New Messages

 
 Reply to this topicStart new topic
> Salary continuation
Santo Gold
post Jan 23 2008, 02:28 PM
Post #1


Registered User


Group: Registered
Posts: 316
Joined: 7-October 04
Member No.: 13,743
A 401(k) PSP does not have a last day worked or hours requirement in place for participants to share in the PS contribution. If a 401k plan participant leaves a company, but will receive salary continuation for the next 2 years as a condition of his leaving, is the participant eligible to receive a share of the PS contribution, based on his compensation even though he may not be employed at all during the plan year? Similarly, can he make 401(k) contributions given his status?

Thanks
Go to the top of the page
 
+Quote Post
QDROphile
post Jan 23 2008, 02:52 PM
Post #2


Registered User


Group: Sitewide Moderator
Posts: 2,411
Joined: 22-August 98
Member No.: 1,246
You might look at the section 415 regulations.
Go to the top of the page
 
+Quote Post
« Next Oldest · Retirement Plans in General · Next Newest »
 

Reply to this topicStart new topic

 

Display Mode: Standard · Switch to: Linear+ · Switch to: Outline

Track this topic · Email this topic · Print this topic · Subscribe to this forum

Lo-Fi Version Time is now: 21st November 2009 - 06:08 PM
Powered By IP.Board © 2009  IPS, Inc.
Licensed to: BenefitsLink.com, Inc.