Guest linda clement Posted January 6, 1999 Posted January 6, 1999 On a brand new 401(k)Plan if an employee is making over 80,000. do you need to check on his prior year compensation assuming he was at this company in the prior year?
LCARUSI Posted January 7, 1999 Posted January 7, 1999 Yes. You will look back to the prior year's compensation even though the Plan was not in existence in the prior year.
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