Guest kelly9522 Posted June 5, 2003 Posted June 5, 2003 When determining the account balances for key employees in the top heavy determination, we subtract teh profit sharing receivable. WOuld we also subtract the employer match contribution receivable?
Blinky the 3-eyed Fish Posted June 5, 2003 Posted June 5, 2003 See 1.416-1 Q&A 24. It makes no distinction between contribution sources that are receivable. So, I believe the answer to your question is that the match receivable is also excluded as well as any deferrals receivable. However, I recall that there are some differing opinions on what should or should not be excluded. But I don't see how you can go wrong with the literal interpretation. "What's in the big salad?" "Big lettuce, big carrots, tomatoes like volleyballs."
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