Guest gillie Posted June 24, 2005 Posted June 24, 2005 what is a non qualified employer contribution ? Thanks
WDIK Posted June 24, 2005 Posted June 24, 2005 In a 401(k) setting I've heard the terms non-elective contribution and qualified non-elective contribution. Could you mean one of these? ...but then again, What Do I Know?
E as in ERISA Posted June 24, 2005 Posted June 24, 2005 Or is there a nonqualified plan that is operated in connection with the qualified plan? A nonqualified plan kicks in when an executive exceeds some limit in the qualified plan? A wrap plan, spillover plan, etc.
Guest gillie Posted June 27, 2005 Posted June 27, 2005 Thanks, for your responses, this is a qualified 401(k) plan but only has service requirements for 401(k)and Match and non qualified employer contribution but no service requirements for a PS contribution, yet it has an integrated formula. I am at a loss......
WDIK Posted June 27, 2005 Posted June 27, 2005 The additional information is appreciated, but the terminology "non qualified" you are using is still ambiguous. Please refer to the summary plan description or other plan documentation to get the exact name of the contribution type in question. These boards should be able to help you much easier with that information. ...but then again, What Do I Know?
Guest gillie Posted June 27, 2005 Posted June 27, 2005 I agree that it is ambiguous but the plan document or the SPD does not help me.
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