BG5150 Posted September 11, 2019 Posted September 11, 2019 If somebody is making both pre-tax and Roth deferrals, what's the hierarchy for the SH Match? If they are deferring 5% pre-tax and 5% Roth, does the match go 2.25% pre-tax and 2.25% Roth? What if it's like 8% pre-tax and 1% Roth? 4% pre-tax match and 1/2 % Roth? Would it be in the document? QKA, QPA, CPC, ERPATwo wrongs don't make a right, but three rights make a left.
401_noob Posted September 11, 2019 Posted September 11, 2019 I was under the impression that all employer contributions are pre-tax. rr_sphr and Bill Presson 2
C. B. Zeller Posted September 11, 2019 Posted September 11, 2019 Not sure I understand the question - does the plan have different match formulas for pre-tax and Roth deferrals? Generally the deferral percentage for purposes of calculating match would be (pre-tax + Roth)/comp. rr_sphr 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
BG5150 Posted September 11, 2019 Author Posted September 11, 2019 Yeah. Never mind this. Another senior moment. Not my best week... Mike Preston 1 QKA, QPA, CPC, ERPATwo wrongs don't make a right, but three rights make a left.
Larry Starr Posted September 11, 2019 Posted September 11, 2019 2 hours ago, BG5150 said: Yeah. Never mind this. Another senior moment. Not my best week... It's ok; your last response gave me a chuckle, and that's always worthwhile! Thanks. Lawrence C. Starr, FLMI, CLU, CEBS, CPC, ChFC, EA, ATA, QPFC President Qualified Plan Consultants, Inc. 46 Daggett Drive West Springfield, MA 01089 413-736-2066 larrystarr@qpc-inc.com
BG5150 Posted September 11, 2019 Author Posted September 11, 2019 And I'm not even a senior yet. Yet. it's coming soon. too soon... rr_sphr 1 QKA, QPA, CPC, ERPATwo wrongs don't make a right, but three rights make a left.
rr_sphr Posted September 12, 2019 Posted September 12, 2019 already there with you...we all have these kinds of days!
Belgarath Posted September 12, 2019 Posted September 12, 2019 What is your definition of "senior" - ??? I just lean towards "yeah, I'm a senior" - it covers all contingencies. I have to say that the benefits of growing older have largely escaped me. Maybe I'll think otherwise when I retire! And as Elmer Fudd would say, "Be vewy cafew." Some people on these boards lack a good sense of humor.
BG5150 Posted September 12, 2019 Author Posted September 12, 2019 13 minutes ago, Belgarath said: What is your definition of "senior" - ??? I got an AARP mailing the other day...addressed to ME. QKA, QPA, CPC, ERPATwo wrongs don't make a right, but three rights make a left.
Dave Baker Posted September 12, 2019 Posted September 12, 2019 The age threshold is down to 50 now. Or perhaps lower if you identify as a senior ?
Larry Starr Posted September 12, 2019 Posted September 12, 2019 2 hours ago, Dave Baker said: The age threshold is down to 50 now. Or perhaps lower if you identify as a senior ? I believe California has provided that one of the options on the birth certificate (along with about 10 others!) is "Senior". Would qualify for discounts from day one! Lawrence C. Starr, FLMI, CLU, CEBS, CPC, ChFC, EA, ATA, QPFC President Qualified Plan Consultants, Inc. 46 Daggett Drive West Springfield, MA 01089 413-736-2066 larrystarr@qpc-inc.com
Belgarath Posted September 13, 2019 Posted September 13, 2019 15 hours ago, Larry Starr said: I believe California has provided that one of the options on the birth certificate (along with about 10 others!) is "Senior". Would qualify for discounts from day one! Too funny!
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