30Rock Posted December 6, 2014 Posted December 6, 2014 I also posted this in the 125 topic but have not gotten a response. Hoping to get some guidance. I see in the 125 regulations that deferred compensation under a 401k plan can be a qualified benefit in a cafeteria plan. I think the issue is if the cafeterial plan has flex employer dollars available, and the employee has an election to receive the cash as taxable income or defer it under the 401k plan, how do we do this? Is it a matter of providing this benefit in the 125 plan document and then giving the employee a 125 deferral election form and a 401k election form?
GBurns Posted December 8, 2014 Posted December 8, 2014 Basically, yes. George D. Burns Cost Reduction Strategies Burns and Associates, Inc www.costreductionstrategies.com(under construction) www.employeebenefitsstrategies.com(under construction)
GBurns Posted December 9, 2014 Posted December 9, 2014 If I were you, I would search for an employer who has such a plan design and see what documents they use. It might be easier to find such an employer in the public sector. George D. Burns Cost Reduction Strategies Burns and Associates, Inc www.costreductionstrategies.com(under construction) www.employeebenefitsstrategies.com(under construction)
GBurns Posted December 9, 2014 Posted December 9, 2014 30Rock Where is this employer located? You might want to reply privately. George D. Burns Cost Reduction Strategies Burns and Associates, Inc www.costreductionstrategies.com(under construction) www.employeebenefitsstrategies.com(under construction)
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