Guest erisa15 Posted August 6, 2003 Posted August 6, 2003 Can an employer in September of 2003 decide to make a discretionary profit sharing contribution for the plan year that ended December 31, 2002? The employer has filed for an extension for their corporate tax return.
RTK Posted August 6, 2003 Posted August 6, 2003 Yes. Take a look at 404(a)(6) and Rev. Rul. 76-28. (I assume employer tax year is calendar year as well. Deductions relate to employer's tax year)
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