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Posted

I'm setting up a DB and 401(k) for a prospect.

All employed on the effective date enter the plan on the effective date; anyone hired after, 12 months of service.

Plans will state Vesting from the effective date of the plan - DB has to be -3 year 100%, but PS will use 2/20.

I do recall a thread mentioning this would not be possible?

Posted

I can't speak to what you may or may not recall, but I don't see any problems with anything you described.

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

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