Dennis Povloski Posted December 30, 2009 Posted December 30, 2009 Is it ok to use dual entry dates if a plan has a 2 year wait and provides for 100% immediate vesting?
Tom Poje Posted December 30, 2009 Posted December 30, 2009 yes, but not for a 401(k) plan (or a safe harbor contirbution in a 401(k) plan)
Jim Chad Posted December 30, 2009 Posted December 30, 2009 I think that is OK for non-elective. But I think the longest you can keep someone out of 401(k) portion is 18 months. But then I have been wrong before.
Dennis Povloski Posted December 30, 2009 Author Posted December 30, 2009 Correct. I should have mentioned that I was just talking about the non-elective portion. Thanks! Dennis
Dennis Povloski Posted December 30, 2009 Author Posted December 30, 2009 I'm pretty sure I know the answer to this already, but I just need to see it again. If we're cross testing, does a participant receiving the SHNEC after the 1 year wait also have to get a gateway contribution even though there is a 2 year wait on the profit sharing?
Laura Harrington Posted January 5, 2010 Posted January 5, 2010 I'm pretty sure I know the answer to this already, but I just need to see it again. If we're cross testing, does a participant receiving the SHNEC after the 1 year wait also have to get a gateway contribution even though there is a 2 year wait on the profit sharing? Yes. Laura
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