fiona1 Posted January 23, 2007 Posted January 23, 2007 I did a search to see if this question has been posed before, but couldn't find anything. A participant has low compensation and defers most of it. The plan is top-heavy and the TH minimum contribution would put the participant over the 415 limit. Is the TH contribution reduced so it doesn't exceed the 415 limit, or is the TH minimum paid and the participant would then have a refund of deferrals for exceeding the 415 limit?
Jim Chad Posted January 23, 2007 Posted January 23, 2007 You would refund deferrals so as not to exceed 415.
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