mlp0816 Posted October 25, 2005 Posted October 25, 2005 Can an emloyer offer a match on contributions exceeding 100%? For example, 200% match on the first 5% contributed?
Leopurrd Posted October 25, 2005 Posted October 25, 2005 It would depend on your plan document (discretionary?). You would also need to pass the ACP test.
MWeddell Posted October 25, 2005 Posted October 25, 2005 Yes, although it isn't very common, one can have matching contributions greater than 100% of the deferrals that are being matched.
rcline46 Posted October 25, 2005 Posted October 25, 2005 And don't forget to watch the 404 and 415 limits on large matches.
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