Guest MEWilson Posted August 15, 2003 Posted August 15, 2003 What happens if the plan fails compensation test for excluded comp?
Earl Posted August 15, 2003 Posted August 15, 2003 corrective amendment to definition of comp. Did you have another idea? CBW
Tom Poje Posted August 18, 2003 Posted August 18, 2003 well, it depends - especially what you are referring to..... see 1.401(a)(4)-(4)(e)(3)(iii)(D and F) Benefits Rights and features "...based on the plan's definition of compensation....regardless of whether that definition satisfies section 414(s)... so BRF doesn't appear to care If you have a 'safe harbor' formula (e.g. integrated at 5.7%) then you have 2 choices amend comp defintion to keep the status of the safe harbor plan or test the plan just like you would if the plan was cross tested, but using 414(s) comp rather than the plan's definition of comp.
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