Francis Posted March 7, 2018 Posted March 7, 2018 I suspect the answer is "No" but employer has a SIMPLE IRA with 100% matching up to 3% of compensation and their match is deposited in a lump-sum after the year concludes. They would prefer to not add matching dollars to one former employee's account. The former employee was terminated for cause and has violated his non-compete. Is there any way for the employer to not add matching for this one former employee where hard feelings still persist?
Bob the Swimmer Posted March 19, 2018 Posted March 19, 2018 I agree with Belgarath and this is a good reason to add a "bad boy" clause to a Non-Qualified Plan. It has happened to 3 of our clients over the past 40 years.
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