Guest SamFischer Posted July 29, 2003 Posted July 29, 2003 Is anyone aware of authority (IRS, etc.) that permits the transferring of assets between an employer's qualified and nonqualified plans based upon the results of the qualified plan's discrimination testing? Thanks, SF
Guest carsca Posted July 29, 2003 Posted July 29, 2003 You might be thinking of a tandem 401(k)/NQ plan, where an employee makes a "combined" election to the tandem plan at the start of the Plan Year, and excess amounts are automatically allocated to the nonqualified plan. There are a number of PLR that describe the arrangement. Sorry, but I don't have cites handy.
david rigby Posted July 29, 2003 Posted July 29, 2003 On the chance that you are referring to a "wrap" arrangement, there have been a few discussions on these Message Boards. Here are a couple: http://www.benefitslink.com/boards/index.php?showtopic=18571 http://www.benefitslink.com/boards/index.php?showtopic=10445 I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
Guest SamFischer Posted July 30, 2003 Posted July 30, 2003 Thanks to all who replied, you set me on the right track! SF
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