coleboy Posted March 22, 2016 Posted March 22, 2016 Sponsoring employer is a partnership who reports their income tax returns on a fiscal year basis ending August 31. The plan is a calendar year 401k with a safe harbor match. Does the partnership report calendar year income for determining wages for the 401k or does they use their fiscal year income for 401k purposes ie calculating the match?
coleboy Posted March 22, 2016 Author Posted March 22, 2016 I don't know what the document says as this was just a question posed to me by a broker.
My 2 cents Posted March 22, 2016 Posted March 22, 2016 I don't know what the document says as this was just a question posed to me by a broker. Suggest that the broker check to see what the plan says. Lou S. and K2retire 2 Always check with your actuary first!
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