austin3515 Posted March 6, 2010 Posted March 6, 2010 W-2' wages is the plan's definition of comp for 415. Plan excludes fringe benefits (Personal use auto, etc). When calculating THM's, should pay be increased for these amounts? Almost all of our plans include fringe benefits (especially the small ones that tend to be top-heavh), but once in a while on takeover, etc., we get one where fringes are excluded, and today I happen to be looking at one that is top-heavy... I'm pretty sure we need to gross it up, but I wasn't sure if it was possible to exlcude them. Austin Powers, CPA, QPA, ERPA
Mike Preston Posted March 8, 2010 Posted March 8, 2010 Without looking it up, my understanding is that THM is always based on 415 comp for the year in question.
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