Guest EBC Posted August 1, 2001 Posted August 1, 2001 A participant entered the plan on 7/1/00, and was hired on 6/9/99. His employer contribution is based on compensation from date of participation. Is 415© comp for this person from participation, 7/1/00? Or is it for the full year?
Tom Poje Posted August 2, 2001 Posted August 2, 2001 If he was due a top heavy minimum, it would be based on full year. For purposes of plan 15% deductibility it is also full year.
Medusa Posted August 2, 2001 Posted August 2, 2001 And it is also full year for the purpose of determining 415© maximum annual additions.
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