SSRRS Posted January 13, 2023 Posted January 13, 2023 Hi Everyone, How does the following provision in a DB Plan document sound to you? " For Employees paid both on a commission and base pay basis, compensation shall be limited to $60,000." Thank you as always.
Popular Post Effen Posted January 13, 2023 Popular Post Posted January 13, 2023 Doesn't really matter how it sounds. What matters is how it impacts the group. Are you generally restricting the compensation of HCEs, or NHCEs. You would need to annually demonstrate that the definition is non-discriminatory. Luke Bailey, Bri, SSRRS and 2 others 5 The material provided and the opinions expressed in this post are for general informational purposes only and should not be used or relied upon as the basis for any action or inaction. You should obtain appropriate tax, legal, or other professional advice.
truphao Posted January 14, 2023 Posted January 14, 2023 or alternatively demonstrate non-discrimination in amounts using appropriate compensation as testing comp
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