mlp0816

But is a 5 year cliff still allowed for profit sharing contributions?

Can a 401(k) plan offer immediate vesting on employer matching contributions but have a 5 year cliff vesting on employer discretionary profit sharing contributions?

Can a 401(k) plan offer immediate vesting on matching contributions but a 5 year cliff on discretionary non-elective profit sharing contributions?

when exactly must an employer contribute the 3% safe harbor non elective contribution? If the employer offers the safe harbor basic match, when must that contribution be contributed

Can an emloyer offer a match on contributions exceeding 100%? For example, 200% match on the first 5% contributed?

Have a client who is a Schedule C owner of a company who does not receive w-2 wages from the company. However, this client would still like to make deferral contributions. In looking at the adoption agreement, there are 3 choices to make an election; (1) W-2 wages; (2) Code 3401 (a) federal income tax withholding wages; and (3) 415 comp. Can anyone advise with which option to elect and give a brief explanation? Thanks!

Have a safe harbor 401(k) client who offers the basic SH match to those who contribute. One participant has reached her employee deferral limit of $14,000. Will the company be required to continue the safe harbor match contribution off of her gross wages until the end of the plan year? Or, does the safe harbor match stop since she is no longer able to contribute her employee deferral amount?

If he amends before an employee reaches 1,000 hours, does he still need to make the MPPP contribution? His intent is to give a SH match and P/S contribution once the plan is amended?

Have a potential client (not currently using our retirement services) who has MPPP and would like to amend it into a safe harbor 401(k) plan. Has a 12/31 YE with a 10% contribution to those with 1,000 hours of service. What advice can I give him to make sure he stays in compliance? If he does want to transfer the plan to us, what steps do I need to do to make sure we amend it properly?