Guest Alwaysthinking Posted July 18, 2003 Posted July 18, 2003 A company has a 401(k) profit sharing plan and elects the 3% non-elective safe harbor contribution. The plan allows for after tax contributions. Now, the HCEs can contribute up to 4% for after tax contribution and still maintain a free pass on the ACP test correct?
Tom Poje Posted July 18, 2003 Posted July 18, 2003 incorrect. there is no safe harbor for after tax contributions (see also ERISA Outline Book page 11.390 2003 edition)
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now