Jump to content

Simple 401k and Plan Design Limits


Guest mpark

Recommended Posts

I have a client who has a 401k plan and has elected Simple 401k status for the past several years. When they saw that the statutory limit increases every year, they asked if could they put a plan limit on the participant's elective deferrals during simple 401k years, i.e. they want to keep the deferral limit at $8,000.

Is this allowed? :unsure:

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...