403(b) match increases with years of service....allowable?

By Guest jc1457
August 15, 2007 in 403(b) Plans, Accounts or Annuities

https://benefitslink.com/boards/topic/36389-403b-match-increases-with-years-of-serviceallowable/

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Guest jc1457

Posted August 15, 2007

I have an employer with a 403(b) plan. The matching formula they are currently using is 100% match up to 2% of deferrals after 1 year of service. Then 100% match up to 4% of deferrals after 2 years of service.

I understand that this Plan needs to be ACP Tested. Is this formula allowable?

Thank you!!!

Linda

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403(b) match increases with years of service....allowable?

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