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Showing content with the highest reputation on 03/04/2025 in all forums

  1. Yes, the 2% would be on $350K total and limited to $7,000. Absent any specific language in either or both plans on how to adjust, I would say prorate, so $175K comp in each plan and a$3,500 contribution.
    2 points
  2. Bri has it correct; Ken's comment about establishing a pattern that would require a 3 year total allocation period is not correct.
    1 point
  3. Both refunds are due by 12/31. You just avoid an excise tax by also beating 3/15.
    1 point
  4. The first thing that comes to mind are the SPD and SMM. ERISA does not require that these disclosures must be made in languages other that English, but DOL 2520.102-2(c) does have the rules that do.
    1 point
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