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Showing content with the highest reputation on 08/08/2019 in all forums
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DC/Cash Balance combo funding deadline
Luke Bailey reacted to ratherbereading for a topic
Yes they do.1 point -
Bank Holding Company Loan to ESOP
Luke Bailey reacted to QDROphile for a topic
I suspect any limitations or disability would be a matter of the applicable banking regulations or bank charter. The tax code and ERISA are neutral. An employer can lend to its ESOP.1 point -
Missed Match True-Up Contributions
Luke Bailey reacted to JackS for a topic
What Luke said but if the plan document is suitably vague, it is the legal Plan Administrator's responsibility to interpret the document. Review the docs, look at the SPD, and any other employee communications see if there is anything that requires or states the match be calculated one way or another. Many times, that provision is "discretionary", which can mean that the ER can decide year to year how to calculate the match.1 point
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