Search the Community
Showing results for tags 'harbor'.
Found 3 results
-
Plan with a 3% non-elective SH wants to merge with safe-harbor plan with basic SH match. Under IRS guidance re: mid-year amendments to SH plan, you can't change the SH type mid year. Can these plans merge? Does their merger mean the plan will lose SH status for 2016 year and be subject to testing? -
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. -
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.
