dmb Posted February 5, 2003 Posted February 5, 2003 Can a 3% NEC SH 401k plan have an integrated profit sharing allocation that includes the 3% SH contribution??
jaemmons Posted February 5, 2003 Posted February 5, 2003 No. the safe harbor 3% NE cannot be used to satisfy the base allocation in an integrated plan.
Mike Preston Posted February 5, 2003 Posted February 5, 2003 Well, it depends on what you are asking about. If you are asking whether the 3% SH can function as the base 3% contribution in an integrated allocation, then jaemmons has already answered your question. If you are asking whether a single plan can be set up which allows for an integrated PS alllocation in addition to a 3% SH, the answer is yes.
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