New Comp Classes

[Guest Max Power]

In a 6 person new comparability plan with:

1 HC (principal)

4 clerical EEs (non principal)

1 NC sales/engineer ($80,000, not an owner or officer)(other category)

can the sales/engineer be placed in his own allocation category? Could his allocation rate be greater or less than the allocation rate for the non-principal clerical EES? I guess I'm asking, can a new comp plan use different allocation rates for different Non-highly compensated employees?

[Mike Preston]

Yes, that is one of its most useful features.

[Guest Max Power]

Thank you Mr. Preston.

[AndyH]

Did anyone out there except me here Mike's "Mr. Preston story" at ASPA last October?

[Tom Poje]

didn't hear it.

does that mean I have to add one to the next talk I do?

(By the way Andy, I am penciled in to do something on cross tested this fall.)

[Mike Preston]

And I am penciled in to chronicle a year in the life of a small defined benefit plan. I'll leave the tough stuff to Tom!

[AndyH]

And when I grow up I want to be a moderator for both of you.

[Tom Poje]

Don't sell yourself short Andy. also, be careful, you could get pulled into being a moderator yet. A couple of years ago my moderator didn't show - an emergency came up about 15 minute before the talk was to start.

Mike: Actually, I was thinking of doing the presentation on the theory of relativity, that would be a lot easier

[Mike Preston]

Please make sure your session is not scheduled at the same time mine is. I want to hear YOUR Mr. Preston story!