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Heaven's sake, the only advice should be FILE. An ounce of prevention is worth a pound of cure.

Am I on Candid Camera?

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.

Huh? That they won't be able to get anywhere NEAR maxing out is the entire point of this discussion!

1-You are generally correct in your summarization. 2-I would need to know more specifics about your cash-out question but I am skeptical that it will work because of constraints under a myriad of applicable laws.

It seems you have it correct, $42 per month is is $504, since that is under the stated limit of $1,000 you should receive an annual match of $252. It does not say if the match is calculated and deposited each payroll or at the end of the year in a single deposit. On the other hand if you were contributing $420 per month that would be $5,040 for the year. Since that exceeds the maximum $1,000 that is matched the annual match would be capped at $500. In addition it appears that an annual contribution is made that varies based on pay and years of service with the company. This is only a brief summary and the legal plan document and summary plan description might contain additional information that could effect eligibility and amounts.

May I suggest an attorney by the name of Russell Greenblatt. He wrote the VEBA regs way back when. russell.greenblatt@kattenlaw.com 312.902.5200