Would you consider commissions to be classified as irregular pay? If so, why?
We use Relius documents and bonus is listed as irregular pay. Client I have has a plan doc that states deferrals come out of irregular pay unless the participant elects otherwise. This plan also has commissions. Plan sponsor did not withhold deferrals from either bonus or commissions. I realize that this is part of the administrative procedures, but we want to make some things clear to the client so they know how to handle this properly going forward.
Thanks!