austin3515 Posted October 24, 2014 Posted October 24, 2014 The corbel VS 401k document includes an option to subject individuals who have made affirmative elections to auto increases. Let's say a participant affirmatively elects 0% of pay, or checks a box saying they choose not to participate (effectively the same thing). Does anyone have a problem with subjecting that participant to the auto increases applicable to employees who have made an affirmative election? Austin Powers, CPA, QPA, ERPA
Lou S. Posted October 24, 2014 Posted October 24, 2014 Yes. I would have a problem auto escalating someone who affirmatively elects 0%.
austin3515 Posted October 24, 2014 Author Posted October 24, 2014 I'm not crazy about either and I agree with you but have a client who wants this - can you point to anything? Austin Powers, CPA, QPA, ERPA
Lou S. Posted October 24, 2014 Posted October 24, 2014 It feels wrong. I don't have a citation for you. Have you asked Corbel? We use the same master text and I honestly didn't find anything directly on point on this issue.
austin3515 Posted October 24, 2014 Author Posted October 24, 2014 Submitted an incident to them but wanted to check with the experts too Austin Powers, CPA, QPA, ERPA
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