Santo Gold Posted July 29, 2024 Posted July 29, 2024 A 401k plan is going through the correction program to make amends for not giving quite a few individuals the opportunity to make 401k contributions. When calculating the associated match on the MDO, is it required that the match be 100% vested even if the plan uses a 6 year graded match vesting schedule? Thank you
rikkiphillipson Posted July 30, 2024 Posted July 30, 2024 MDO and associated match are deposited as QNEC and always 100% vested. Rikki Watts Phillipson, QKA rikki.phillipson@nfp.com
Kattdogg12 Posted August 7, 2024 Posted August 7, 2024 there was another discussion on this about a year ago and the match can be made so that it is subject to a vesting schedule.
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