Plan Characteristic Codes

[doombuggy]

I have a plan that allows for a participant to direct their salary deferrals only; their safe harbor and their profit sharing go into a pooled account that is directed by the trustee. Would you consider this 404© compliant? My boss wants me to code their 5500-SF with a 2F and I disagree.

[TPAMan]

I believe that you can use the 2F code for the plan, but you would also need to include code 2H indicating that only a portion of the plan allows for participant direction.