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What does "old comparability" mean?


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Guest Grumpy455
Posted

I have heard of new comparability plans and even super comparability plans, but were there ever any "old comparability" plans and, if so, what were they like? Thanks.

Posted

one in which there is an integration level above and beyond mortal plan powers.

e.g. contribution allocated up to 5% of pay, any leftover allocated 200% in excess of the TWB.

These were the designs before the IRS gave approval for 'class' allocation plans.

Posted

I have seen it used in a different context, i.e., combining a SH 401k plan with an age weighted PS plan as a means to max out contributions to owners.

mjb

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