commishvp Posted March 12, 2008 Share Posted March 12, 2008 A client has a Simple IRA and they are doing the 3% match. A participant contributes 10% for the first six months of the year and $0 for the last half of the year. Does the client have to make a match of 3% of full year comp or just on the six months of participation? The plan document does not specify if the match is payroll by payroll or annual. I am used to 401(k) plans that always specify the computation period. Thanks! Link to comment Share on other sites More sharing options...
Appleby Posted March 13, 2008 Share Posted March 13, 2008 Full year’s compensation This post may help http://benefitslink.com/boards/index.php?s...ic=31395&hl Life and Death Planning for Retirement Benefits by Natalie B. Choatehttps://www.ataxplan.com/life-and-death-planning-for-retirement-benefits/ www.DeniseAppleby.com Link to comment Share on other sites More sharing options...
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