AmyETPA Posted November 17, 2020 Share Posted November 17, 2020 Taking over a plan that is 401k and does not have profit sharing as an option in their current document. Never encountered this before and we always have the profit sharing as an option in our plans. Client wants to add PS for 2020. I believe that is permissible but making sure I'm not missing something. Link to comment Share on other sites More sharing options...
Jakyasar Posted November 17, 2020 Share Posted November 17, 2020 Absolutely permissible. AmyETPA 1 Link to comment Share on other sites More sharing options...
BG5150 Posted November 17, 2020 Share Posted November 17, 2020 Is it a safe harbor plan? QKA, QPA, CPC, ERPATwo wrongs don't make a right, but three rights make a left. Link to comment Share on other sites More sharing options...
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