Stash026 Posted June 21, 2019 Posted June 21, 2019 Just want to make sure I have this right. Have a Top Heavy Plan but the only contributions made during '18 was Employee Deferrals (Key Employees all maxed out). Is a 3% Top Heavy required or is it not since they didn't receive any Employer Contributions? Thanks in advance!
C. B. Zeller Posted June 21, 2019 Posted June 21, 2019 Top heavy minimum is required. Lou S. 1 Free advice is worth what you paid for it. Do not rely on the information provided in this post for any purpose, including (but not limited to): tax planning, compliance with ERISA or the IRC, investing or other forms of fortune-telling, bird identification, relationship advice, or spiritual guidance. Corey B. Zeller, MSEA, CPC, QPA, QKA Preferred Pension Planning Corp.corey@pppc.co
Tom Poje Posted June 21, 2019 Posted June 21, 2019 the only possible exception would be if key's were not allowed to 'defer' except for $6000 in catch up. obviously not in this case based on your description, but there is that possibility Lou S. 1
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