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Showing results for tags 'defined'.
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benefit plan Where are my benefits?
Marti posted a topic in Defined Benefit Plans, Including Cash Balance
I worked over the course of 19 years with this company and although the information pertaining tomy benefits say I have 15 vesting credits and a total of 7.82 benefit credits....only the final 2 years have been awarded benefits. May 1986 through July 1993 and then April 1999 through November 2000. Only 1999 and 2000 have any benefits awarded AAAAHHHHGGGG!!!! -
Client with an ongoing safe-harbor 401(k) plan is considering putting in a Defined Benefit Plan (no PBGC coverage) with expected contributions above 31% of pay. Any 404(a)(7) issues in the first year with the new MAP-21 and PPA rates? For example, assume two participants in 2014: Salary 401(k) derral safe harbor match A $200,000 $23,000 $8,000 B $30,000 $3,000 $1,200 Under the new DB plan for 2014 the MAP-21 minimum required contribuiton would be $75,000 and the PPA maximum would be $100,000. What would be the maximum allowable combined deduction? Thanks in advance for all responses.
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Must eligible employees (whether deferring or not) under a safe-harbor (match) 401K Plan receive a 5% top heavy minimum contribution if the employer also sponsors a defined benefit pension plan? Can the safe-harbor match be applied toward the 5% top heavy obligation? Thank you.