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Showing content with the highest reputation on 02/11/2024 in Posts
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Combo plan testing with otherewise excludable employees
Bill Presson reacted to Jakyasar for a topic
Perfect, thank you for reminding me about component HCE requirement. All the best1 point -
Combo plan testing with otherewise excludable employees
Bri reacted to Bill Presson for a topic
No. You’re not doing component testing. The OEX group is whomever fits that eligibility stratum.1 point -
1099-R mega backdoor Roth
RatherBeGolfing reacted to CuseFan for a topic
I understand Roth is ultimately taxable, but if profit sharing at first, is it not subject to the 25% deduction limit that would otherwise apply? Or are you assuming based on the numbers above that it's an issue in this case? I think the simplest way (and what gets done the most? opinions?) is contribute VAT and then do immediate in-plan Roth conversion before any investment experience, leave in the plan as Roth and not even bother with IRA.1 point
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