Guest Ronin Posted September 10, 2001 Posted September 10, 2001 Is there any way to exclude bonuses from the definition of compensation for a safe-harbor plan? Notice 98-52 requires that the 414(s) definition be used. 414(s) says compensation means that within the meaning of 415©(3). The related Regs. include bonuses. Are we just simply out of luck on this one? If there is a way, I need statutory cites in support of your position. Thanks.
R. Butler Posted September 10, 2001 Posted September 10, 2001 See Reg. 1.414(s)-(1)(d). Beware, however that NHCE's must still be permited to defer enough compensation to realize the full matching contribution.
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