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Profit Sharing Allocation in Initial Plan Year


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Guest Donaldson
Posted

Does anyone know the authority that permits a profit sharing allocation for a plan's initial plan year to be based on the full year of compensation (including compensation before the effective date of the plan)? Thank you.

Guest Donaldson
Posted

FYI - I think the authority is 1.401(a)(17)-1(B)(3)(iii)(B).

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