minimum gateway document language (Corbel)

[Tom Poje]

here is the latest on the issue of ees who receive top heavy minimum or safe harbor nonelective but are not eligible for other profit sharing contributions, yet need to be kicked up to the gateway minimum.

This was posted on

the 401khelpcenter.com (1/27/03 newsletter)

Summary: Sungard/Corbel is providing the information for the benefit of subscribers to the Corbel, PPD and FDP volume submitter cross-tested plan documents. This information concerns options for amending an employer's plan to provide under a top-heavy or 3% nonelective safe harbor 401k cross-tested plan, the "minimum gateway" allocations generally required under Treas. Reg. § 1.401(a)(4)-8(B), (the "cross-tested regulations"). Located on: Sungard/Corbel.

http://www.corbel.com/news/technicalupdate....asp?ID=196&T=P

I would add, of course, something similar to this document language should be in any document that is being cross tested.

Let's be careful out there!