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The Bartender

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About The Bartender

  • Birthday August 9

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  1. Is the first level being QACA, with a 2 year vesting even possible in this scenario? Can't see why not
  2. All good points Paul. I didn't think about limiting HCE's but that would work well too. I guess the goal is odd, it's not caring about the HCE's and trying to lock in the NHCE's with a type of handcuff vesting strategy. Thinking out loud now, 1. QACA Enhanced match 4% on 4% 2. Stated Match – 4% on 4% 3. Discretionary Match – 4% on 4% 2 year Vesting on QACA, 6 year on Stated and Disc. Can exclude HCE’s so it just benefits those who make less. Can partially include them too. Employee contributes 4%, receives 12% Vested for 4% after two years, vested fully with other 8% after 6 years EX: Employee makes $50,000, Saves $2,000. Receives $6,000, subject to 2- and 6-year vesting. 2nd work anniversary - $2800 3d $3600 4th $4,400 5th $5,200 6th $6000
  3. I think it'll be okay subjecting it to ACP testing. That's where I am going with the caps. They have a lot of higher earners, and keeping them at a lower employer contribution should keep the HCE ACP pretty low. Really just wondering If I can put some additional controls, like a cap on those additional stated and Disc. contributions.
  4. I've used a triple stack match and have had sponsors happy to be able to tie some vesting to the stated and disc. amounts. I've got a sponsor who wants to encourage lower earning participants. Is it possible to run it to put dollar limit caps on the stated and discretionary components, and still keep the plan SH? My proposal: SH Enhanced 4% Match Stated Match 100% on 6% (with a $3000 cap) Disc Match 2/3 on 6% (with $2,000 cap) Are the caps allowed on dollars separate from the SH enhanced portion?
  5. Hello, I don't deal with any other TSA plans but I have a plan sponsor looking for help. The TSA plan has employees and former employees with different record-keepers than where new money is going. Can they eliminate those other record-keepers, or are they stuck with the money there? What are some possibilities to simplify this for the PS?
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