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Showing results for tags 'Pension Feature Codes'.
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This is a 401(k) Profit Sharing Plan that only has salary deferrals - no employer discretionary contribution. I am having a discussion with the owner of my firm regarding answering this question with the code for Profit Sharing feature (2E), even though there has never been a profit sharing discretionary contribution. In the past, I have always listed this code, even if it was just a plan the only had salary deferrals. My boss is of the opinion that you would only list this code if there had been profit sharing contributions. (I have been out of the field for 15 years, so thought I would post the question here.) And what about if the plan has the language for a matching contribution, but one has never been made? This would pertain to code 2K which applies to 401(m) arrangements (but not Qnecs/Qmacs). Thanks for your help, I came back into the field in February of this year, and feel a lot like Rip Van Winkle after being out of the field for so long.
