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Showing results for tags '410(b) top-heavy'.
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Fairly common situation in small DC plans that I have not seen definitively addressed: Two participants for 2015 Profit Sharing Plan: Key Employee - salary $100,000 Non-Key - salary $20,000 and terminated employment in 2015 after getting 500 hours Plan has a last day requirement on both the PS and TH contributions. If the idea is to maximize the contribution for 2015 will it be: A) $25,000 being 25% of the $100,000 salary for the Key Employee who would get it all B) $30,000 being 25% of both salaries If your answer is (B) then how much of that $30,000 would the Non-Key employee have to get?
