khn Posted May 9, 2014 Posted May 9, 2014 When our client has an employee separate from service, they process a separate check to payout their accrued vacation. Historically they have not taken a 403b deferral or match on this payout. Is there an issue with this? Their document seems to be silent on this subject. We have some confusion around whether or not deferrals MAY or MUST be made on the accrued vacation pay.
MWeddell Posted May 9, 2014 Posted May 9, 2014 You have to administer the plan in accorance with the written plan document. If the document seems to be silent on the subject, then someone must interpret the plan document.
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now