Guest Arrojo Posted January 24, 2003 Posted January 24, 2003 I have a PS Plan which had 3 groups for contributions: 25+ YS = 15% of comp 15-25 YS = 10.5% of comp <15 YS = 5% of comp Under EGTRRA, these amounts can go up (presumably the top group, including the owner, can now deduct 25%). If the top group now is 25%, what must the other ones be?
MGB Posted January 24, 2003 Posted January 24, 2003 This must be general tested to see what will pass. You will get a different answer depending on what the plan population is. Why do you think you can only go up to 25%? You can have 100%. The plan contribution in total is limited to 25% of aggregate compensation. Individuals are not limited to this.
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