Guest A Montez Posted February 7, 2001 Posted February 7, 2001 If a governmental money purchase plan has only employer contributions is participation in the plan mandatory or may employees elect not to participate in the plan? I've heard that participation is mandatory in this case, but I haven't been able to find any supporting authority.
Carol V. Calhoun Posted February 11, 2001 Posted February 11, 2001 It depends on the terms of the plan. In some cases, employees may elect to waive participation in the plan (e.g., in order to have a deductible IRA. In others, all employees participate. Employee benefits legal resource site The opinions of my postings are my own and do not necessarily represent my law firm's position, strategies, or opinions. The contents of my postings are offered for informational purposes only and should not be construed as legal advice. A visit to this board or an exchange of information through this board does not create an attorney-client relationship. You should consult directly with an attorney for individual advice regarding your particular situation. I am not your lawyer under any circumstances.
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