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Mandatory Employee Contributions


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Posted

Could a 401(a) plan have an employer contribution rate of 5% and a mandatory employee contribution higher than 5% as long as the total limit does not go over the 415 limits?

Posted

Yep, so long as applicable state law allows it. Of course, I won't comment on the political aspects, just the legal ones.

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Employee benefits legal resource site

Employee benefits legal resource site

The contents of my postings are offered for informational purposes only and should not be construed as legal advice. A visit to this board or an exchange of information through this board does not create an attorney-client relationship. You should consult directly with an attorney for individual advice regarding your particular situation. I am not your lawyer under any circumstances.

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