Groupings

[Belgarath]

PS plan with the following proposed groups. Do you see any issues with this? Let's asume that based upon the particular census involved, it wouldn't result in any potential ADEA violations. It seems to me that this is ok.

Group 1 - All employees not defined in another group

Group 2 - Highly compensated employees who own less than 3 %

Group 3 - Highly compensated employees who own 3 - 16.5 % and Key employees who will have 30 or more years of participation from date of entry to normal retirement date.

Group 4 - Highly compensated Key employees who will have less than 30 years of participation from date of entry to normal retirement date.

[BG5150]

Could you have an HCE who owns 2%, is a Key EE and has 15 years of participation? IF so, that person would be in groups 2 & 4.

[Belgarath]

Thank you. In this case, no. As you might guess, these groups were "creatively" named for a very specific census. Do you see any other problems?