Jump to content

SH contributions with multiple plans


Cynchbeast
 Share

Recommended Posts

We have client with 401(k) plan and separate PS plan.  They want to satisfy ADP testing for the 401(k) by making SH contributions to the PS plan.  Both plans use the same prototype document.

The document DOES allow for the 401(k) testing to be satisfied with SH contributions to ANOTHER plan.  However, nowhere in the document does it have anyplace to state the SH contributions made to the PS are intended to satisfy testing to another plan.

Does this satisfy all requirements, or does the PS have to specifically state that it's SH contributions are intended to satisfy another plan?

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
 Share

×
×
  • Create New...