Limits on a 501(c)(14) corp

[Guest Booker]

We have a credit union client that is a 501©(14) corp. Do special rules apply as to the allowable maximums for total employer-employee contributions? They would like to terminate their DB plan and roll over the money to the 401(k). The employer will contribute 8% of pay with an additional match of $.50/$1.00 up to 6% of pay. This possible maximum employer contribution of 11% leaves little room for employee money when the normal max. is 15% of compensation.

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booker