Guest lindamichals Posted May 19, 2005 Posted May 19, 2005 Is it possible to apply the statutory exclusion rules to participant counts? (participants with less than 1 year of service, age 21)
Tom Poje Posted May 19, 2005 Posted May 19, 2005 no, that only applies to testing. sorry, nice try, assuming you are trying to keep your count under the small plan reuirement
david rigby Posted May 19, 2005 Posted May 19, 2005 If that is the goal (to keep participant count low enough to avoid audit requirement), then you can amend the plan (prospectively). It might help. I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
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