lkpittman Posted March 17, 2003 Posted March 17, 2003 In order to keep NHCEs at a 3.5% allocation rate, employer wants to limit HCEs to 10.5%, BUT the formula the employer wants to use is: 3.5% of total compensation, plus 16% of compensation in excess of $100,000, if any. Would adding: "not to exceed a total overall allocation of 10.5% of compensation" cause any problems? LKP
Blinky the 3-eyed Fish Posted March 17, 2003 Posted March 17, 2003 Assuming you are going to amend the plan to say this, I don't see any problems with the idea. "What's in the big salad?" "Big lettuce, big carrots, tomatoes like volleyballs."
lkpittman Posted March 17, 2003 Author Posted March 17, 2003 Yes, I'm talking about amending the plan. LKP
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