Jump to content
Sign in to follow this  
thepensionmaven

Early Participation Rule AKA OEE

Recommended Posts

We have a combo cash balance/401k safe harbor nonelective profit sharing plan.   The DC plan has the failsafe language.  Eligibility both plans,  age 21/1, 000 hrs.   One HCE,  5 NHCE.   One younger NHCE terminated in 2017 so the contributions needed to pass substantially increase contribution as well as benefits.  All that is needed pass 401(a4)  is one more younger NHCE.   Does it matter which one,  assuming there are two? BTW,  (a) (26)  as well as (b) (10) are both passed. 

 

 

Share this post


Link to post
Share on other sites

Failsafe language in DC is for coverage, which you pass, so that wouldn't kick in right? You could do 11g amendment to add NHCE of your choice for PS only - but may need to vest if not already partially vested.

  • Like 1

Share this post


Link to post
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
Sign in to follow this  

×
×
  • Create New...