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prevailing wage


cdavis25

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3 hours ago, cdavis25 said:

Can a plan amend their document during the plan year to exclude HCEs from PW?  This is not a SH plan.

You just don't make PW contributions for those HCEs.  There is nothing that REQUIRES PW contributions for any particular person.  If the plan is properly written, PW contributions are effectively allocated to each person as if they are in their own "group". You don't have to amend the plan at all.

Obviously, if those HCEs are doing PW work, you will have to pay them in cash instead.

Lawrence C. Starr, FLMI, CLU, CEBS, CPC, ChFC, EA, ATA, QPFC
President
Qualified Plan Consultants, Inc.
46 Daggett Drive
West Springfield, MA 01089
413-736-2066
larrystarr@qpc-inc.com

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