Ehill

Question... In recording a plan receivable for a 09/30 plan, do you use payroll period ending or paydate as cut off for plan receivable? I,e. We have a payroll period ending 9/25 but paid to employees (withheld) 10/2. Would that be considered receivable at 9/30 because the period ended within the plan year or not considered receivable since it wasn't withheld until 10/2? I see on 5500 Schedule H instructions that receivable is based on withheld but is that the same for GAAP purposes? Thanks so much!! E.

The SPD doesn't address the HCE. Just stipulates that in order to maintain "safe harbor" status, your employer will make a contribution equal to 3% of your compensation.

Question... If we have a safe harbor 401k plan that is satisfied using the 3% non-elective contribution for NHCE, regardless of participation, how much are the HCE's able to receive for the non-elective contribution? Do they cap out at 3% as well? Thanks!