Guest andrea16 Posted February 14, 2007 Report Share Posted February 14, 2007 My governmental employer, who maintains a 457(b) DCP, asked if a deferral taken from one of our participant's pay on December 28th but not contributed to the DCP until January 5th should be considered a 2006 deferral or 2007 deferral for purposes of determining excess contributions for 2006. Does anyone have any thoughts on whether the December 28th payroll deduction is an annual deferral when taken from the employee's pay or when actually contributed to the plan? Any citations would also be very appreciated. Link to comment Share on other sites More sharing options...
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
Already have an account? Sign in here.Sign In Now