Guest Green92 Posted September 18, 2009 Posted September 18, 2009 I ran across a prospect that uses Davis Bacon fringe as ER match in a SIMPLE IRA. Can Davis Bacon fringe be used for ER match or ER nonelective contribution in a SIMPLE IRA?
Bird Posted December 4, 2009 Posted December 4, 2009 Anyone have any thoughts on this? I came across the same situation, and haven't fully researched it, but am thinking it might be "yes." Ed Snyder
Gary Lesser Posted December 10, 2009 Posted December 10, 2009 I believe a Davis-Bacon plan must be a qualified profit-sharing or stock bonus plan under IRC 401(a)/501(a).
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