Guest m.n.ouellette Posted October 4, 2005 Posted October 4, 2005 Ok. Here goes a really simple question! I just need verification: If I put in a Safe Harbor match, and the HCE is the only one who defers, will I still pass all testing? Please don't laugh... just don't wanna get caught next year having to do a plan re-design. And I am having a brain f**t. Thanks!
Tom Poje Posted October 4, 2005 Posted October 4, 2005 simple answer is yes. a more complex answer would be to say I would want proof that all nhces are aware a plan exists. it is one thing to say that a notice was given to employees, its another thing to prove. possibly have people fill out election forms indicating 0 deferral. I only bring out the point because if plan was ever audited it looks bad.
Guest m.n.ouellette Posted October 4, 2005 Posted October 4, 2005 Thanks Tom. The notice is given to each participant, but I will suggest they get a signature every time! I appreciate the answer.
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now