ERISA-Bubs Posted November 1, 2011 Posted November 1, 2011 We have a 401(k) Plan that covers only highly compensated employees (there are no non-highly compensated employees). Is there any problem with offering a 200% match under the plan?
Lou S. Posted November 1, 2011 Posted November 1, 2011 No problem at all. The only potential problems I see are 410(b), ACP and 415 but with only HCEs you pass the first 2 automatically.
ETA Consulting LLC Posted November 1, 2011 Posted November 1, 2011 True. Why even use a match. Just contribute a full non-elective contribution. Just make a 25% non-elective. No issue. Good Luck! CPC, QPA, QKA, TGPC, ERPA
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