Jump to content

Question #50 12/07/97

Guest Jhagan

Recommended Posts

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

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...