Leaderboard

As long as the participant made an elective deferral equal to at least the catch-up ($5,500 for 2014), then yes, they can be provided the entire $57,500. Meaning, it is not just the 402(g) limit or ADP test failure that creates a "catch-up" deferral. If the plan limited regular deferrals for HCEs to 5% of compensation, they could still defer 5% of pay plus $5,500 (but they can't defer more than their wages, of course). In your case, deferrals get classified as catch-ups due to the 415 limitation. If the combined ER and EE allocations are enough to push the total allocation over the $52,000 limit for 2014, then deferrrals are classified as "catch-up" deferrals as needed up to the $5,500 limit. Of course, as you noted, all other testing still has to pass: 410(b), 401(a)(4), etc. I have not yet seen a document that would not allow this, but double check your plan language just in case. For example, it should say something like this: Catch-Up Deferral. A catch-up deferral is an elective deferral by a catch-up eligible participant and which is greater than: (1) a plan limit on elective deferrals; (2) the annual additions limit under section 415(d); (3) the elective deferral limit under section 402(g) or (4) the ADP limit under plan section X.X.

Hey Tom - I am pretty sure my dog at that specific page Thank you very much!!!

No. You can't have any eligible participants other than owners and spouses to qualify as 1 participant EZ (or 1-part abbreviated SF).

I'm sure you must have a copy of EPCRS , so I can only guess someone must have stolen p.114 of the pdf file, in particular example 24. since I'm not sure what other pages might be missing, here is the whole thing. hopefully a good paper airplane or maybe a nice origami animal was made out of the missing page EPCRS revproc2013-12.pdf