Can priest elect not to receive profit sharing contribution?

[Guest Rags]

Clergy members of a for-profit organization does not want to receive the nonelective profit sharing contribution to which they are entitled. The plan is not using a standardized prototype document (so irrevocable elections not to participate not so much an issue).

Can these priests elect not to receive profit sharing contribution? If so, would a mere plan amendment address this? Does anything else have to be done?

Thanks for your input.

[david rigby]

Duplicate post.

http://benefitslink.com/boards/index.php?showtopic=43136

[mbozek]

I thought the IRS regs answered the q as no reversing notice 89-23.