Guest lindamichals Posted January 26, 2006 Posted January 26, 2006 New plan for 2005, existing company, are there HCE's in 2005?
JanetM Posted January 26, 2006 Posted January 26, 2006 Sure, anyone who made over $95,000 in 2005 is HCE in 2006. Doesn't matter that this is plans first year, if the company has been around for a couple years then the look back period is used. JanetM CPA, MBA
Bird Posted January 27, 2006 Posted January 27, 2006 I think the question was for a new plan in 2005, so you'd look back at 2004 for anyone making more than $90,000 (or a 5% owner). The fact that there was no plan in existence in 2004 doesn't matter. Ed Snyder
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