moose401k

Thank you for your response! The plan document would check 'v', and sponsor would fund the 3% PS of per payroll basis (following the terms of the plan document). If the sponsor fails to fund PS for some eligible employees throughout the year (for various reasons), does this get fixed by simply funding the total PS for those effected employees at year-end? Or does this become a BRF issue because some employee did not receive a benefit at the same time as others?

I have a Safe Harbor PS 3% Plan that covers 150 employees. They are planning to fund the PS per payroll. Is there any BRF issue if the company were to fund the PS for most of the employees but miss a few of the participants because administrative errors etc. during the year, but were later caught with the annual true up? My concern is that everyone will not equally benefit in terms of timing of the allocation. I am advising against it as I see it to be a problem. But any guidance would be appreciated.