Jump to content

Forfeitures account in trust fund too low to allocate properly


Recommended Posts

Guest HLIFECraigo
Posted

The profit sharing plan in question is written in that forfeitures gerated during the plan year shall be reallocated at the end of the plan year based on the compensation of the eligible employees. I need to account for the reallocation separatly on the system from the profit sharing allocation.

The problem is, all eligible employees can share but the amount of the forfeitures is so low lately that some participants actually will receive only a couple of cents. This plays havoc with purchasing shares because sometimes the share price on the investment is so high that I can't purchase any shares-- but that is besides the point.

Is there any way or has anyone ever heard of a de minimis amount of forfeitures available that do not have to be reallocated? :o

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 account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...

Important Information

Terms of Use