Guest elang Posted February 28, 2012 Posted February 28, 2012 We have a first year 401(k) plan. Very little participation from NHCE and they are not passing ADP using assumed prior year at 3%. Are we able to use a QNEC in addition to the prior year assumed 3%. Ie... 3% assumed + 3% QNEC = 6%, allowing HCE of 8%? I appreciate your assistance.
ETA Consulting LLC Posted February 28, 2012 Posted February 28, 2012 Not going to happen. Good Luck! CPC, QPA, QKA, TGPC, ERPA
MWeddell Posted March 1, 2012 Posted March 1, 2012 No, the QNEC would have had to have been deposited within 12 months of when the prior year ended. Sounds to me like you are past that point in time.
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