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Adding SHMatch to plan with existing traditional match funds


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Posted

If adding a SHMatch account to an existing plan, if it is coded correctly, are there then three accounts shown? (401k, ERMatch and SHMatch). I did this and now only have two accounts, 'losing' the existing ERMatch as it was brought in as the PAB of the SHMatch. Is this due to an error on my part or the way the system works? If due to me, is there a way to get the Plan back to three accounts (two separate match accounts) without re-entering everything? thanks.

Guest TrustMe401k
Posted

You should have three acct types if you added it correctly. I assume you coded it as a type "8" in the account set-up. Is it calling the match acct a safe harbor now and using regular er match as PAB? There is a PLV (I don't remember which one) that tells the system where to allocate the matching contributions. (All SH or all ER or a combo)

Call me if you can't figure it out. 1-800-414-3809.

John

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