Basically Posted February 1, 2022 Posted February 1, 2022 If I have a plan and the 2 owners and only HCE employees have rollover money in the plan, do I count their rollover balances when determining how top heavy the plan is? I would think not.
david rigby Posted February 1, 2022 Posted February 1, 2022 Perhaps proper TH testing would look to the benefits of Key EEs. I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
Bri Posted February 1, 2022 Posted February 1, 2022 And it depends on where the rollovers came from. Related or unrelated.....
Basically Posted February 1, 2022 Author Posted February 1, 2022 13 minutes ago, Bri said: And it depends on where the rollovers came from. Related or unrelated..... That is what I was wondering.
Bri Posted February 1, 2022 Posted February 1, 2022 So you need to ask them the source of the rollover money.
BG5150 Posted February 1, 2022 Posted February 1, 2022 1 hour ago, Basically said: That is what I was wondering. Related rollovers ARE counted. Unrelated rollovers ARE NOT counted. How did they do it last year? (Or were the rollovers this year?) QKA, QPA, CPC, ERPATwo wrongs don't make a right, but three rights make a left.
Basically Posted February 1, 2022 Author Posted February 1, 2022 The plan is TH either way so TH minimums are always made. I was just curious. I'll have to ask them to be specific so I can make sure I have it correct. Cross my "t's", dot my "i's". Just to be clear... Un-Related: - Rollover from an unrelated plan someone belonged to before this plan - Rollover from IRA? in essence, a rollover from anything that is not directly related to the plan being rolled into.
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