pensionreview Posted April 4, 2018 Posted April 4, 2018 A potential cash balance plan client made the 2017 contribution in 2017. It has now been determined that this contribution is over the maximum allowed. We think the excess can be transferred to the client's profit sharing plan but can't find clear guidance on this.
Mike Preston Posted April 4, 2018 Posted April 4, 2018 You can't find clear guidance on it because you can't do it. I'd be very curious to learn the basis behind "We think". Ebplans 1
CuseFan Posted April 4, 2018 Posted April 4, 2018 Except for mistake of fact rules - but those are different from "we screwed up." Ebplans 1 Kenneth M. Prell, CEBS, ERPA Vice President, BPAS Actuarial & Pension Services kprell@bpas.com
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