Guest jkrad Posted January 27, 2004 Posted January 27, 2004 I have a plan that is top heavy for the 2003 plan year. The plan eliminates commission as a form of compensation for the plan year. The participant in question is a HCE. He earns 13,000 in salary and 90,000 in commission. Deferrals and the safe harbor non elective are based on the 13,000.00. I have been told that the top-heavy contribution is based on total compensation(salary & commission). Can anyone give me their opinion on this.
Tom Poje Posted January 27, 2004 Posted January 27, 2004 yes, top heavy is based on total 415 comp. and from plan year begin not date of entry as well. sorry.
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