Christine Roberts Posted April 28, 2003 Posted April 28, 2003 Employer maintains money purchase pension plan for Davis-Bacon employees, only. Subsequently employer adopts a SIMPLE-IRA for office workers who could not participate in MPPPlan. Employer also contributes to SIMPLE plan on behalf of Davis-Bacon employees. Prior discussion of this issue (link= http://www.benefitslink.com/boards/index.p...revailing+wage0 does not resolve question for me as to whether SIMPLE-IRA is disallowed in its entirety, or only with respect to Davis-Bacon folks. Any comments appreciated.
Appleby Posted April 29, 2003 Posted April 29, 2003 The SIMPLE IRA contributions on behalf of employees covered under the Davis-Bacon plan is deemed excess contributions Life and Death Planning for Retirement Benefits by Natalie B. Choatehttps://www.ataxplan.com/life-and-death-planning-for-retirement-benefits/ www.DeniseAppleby.com
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