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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 opinions of my postings are my own and do not necessarily represent my law firm's position, strategies, or opinions. 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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