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Showing content with the highest reputation on 09/06/2025 in all forums
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Reducing Owners Contribution to Cash Balance Plan
David D reacted to Bill Presson for a topic
Always need to be careful of looking at equivalencies in the document for salaried people if actual hours aren’t tracked. Just a word of warning. I would be very nervous about being told that a typical owner of a business hadn’t worked 1,000 hours in that business by September.1 point -
Reducing Owners Contribution to Cash Balance Plan
John Feldt ERPA CPC QPA reacted to CuseFan for a topic
Yes. You need to comply with anti-cutback rules and 204(h). Depending on plan terms, 2025 may not be possible either. And they have 10 days to avoid a funding deficiency if 2024 MRC is not funded.1 point
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