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Question #50 12/07/97


Guest Jhagan
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Guest Jhagan

What is the amount of matching contributions that may need to be forfeited to maintain the matching contribuiton rate of highly compensated participant A at the level provided for in the plan document?

- Part. A deferred $9,500 in 1997

- Part. A compenstion is $100,000 for 1997

- Part A received a distribuiton of excess contributoins of $2,500

- Plans matching formula is 50% of the first 6% of comp. deferred.

Answer is $0.00.

Need explanation

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