Guest IRISH79 Posted May 31, 2007 Posted May 31, 2007 Can an employee elect to defer a portion of an employee recognition award or other type of spot bonus under a 401(k) plan?
401_4_ever Posted June 1, 2007 Posted June 1, 2007 Depends on the plan document. Sometimes bonuses are completely excluded, sometimes they are treated as regular salary, and sometimes participants get a seperate election for bonuses.
JanetM Posted June 1, 2007 Posted June 1, 2007 Check the plan doc to see what compensation is eligible for deferral. JanetM CPA, MBA
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