Cynchbeast Posted May 21, 2013 Posted May 21, 2013 Can we exclude a class of employees from participant in a plan based on salary range? For instance, exclude from participation all NHCEs with compensation exceeding $45,000.
david rigby Posted May 22, 2013 Posted May 22, 2013 Will this also exclude HCEs? I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
Jim Chad Posted May 22, 2013 Posted May 22, 2013 yes if this excludes all HCE's. Beware of low income owners by attribution. I would suggest you also exclude all HCE's in the doc. On the other hand, if you pass coverage, I don't see why you couldn't do this.
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