Guest Steve Palmer Posted March 4, 1999 Report Share Posted March 4, 1999 If the employer contributes 3% can HCEs defer $10,000, or are they stuck with the 125% of NHCE percentage? The 3% does not push the HCE over 15%. Thank you. Link to comment Share on other sites More sharing options...
Kathy Posted March 8, 1999 Report Share Posted March 8, 1999 The 3% minimum top-heavy employer contribution required under a Model SARSEP does not eliminate the need to do the nondiscrimination test on the salary deferrals. The HCE's slary deferal is still limited to the lesser of $10,000 or 125% of the average deferral percentage (diluted by those who are eligible but choose not to contribute anything) of the Non-HCE group. Link to comment Share on other sites More sharing options...
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