MarZDoates Posted January 13, 2016 Posted January 13, 2016 Plan uses 415 Compensation (Simplified) as definition of plan compensation. Usually this is the same as Federal Taxable wages plus pre-tax deferrals (401(k) and café plan), right? What about a minister's housing allowance that is not included on his W2 for Federal withholding purposes (Box 1), but is included for FICA and Medicare wages (Boxes 3 and 5)? Should this be included or excluded to determine allocation comp? Thank you QPA, QKA
Kevin C Posted January 14, 2016 Posted January 14, 2016 Section 415 compensation excludes a minister's housing allowance. See PLR 8416003. This predates the final 415 regulations, but it looks consistent with the new regs. PLR 8416003.pdf
MarZDoates Posted January 14, 2016 Author Posted January 14, 2016 Perfect! Thank you much!!!! QPA, QKA
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