pixmax Posted February 22, 2023 Posted February 22, 2023 Owner over age 50 defers $6,500 and receives a Profit Sharing contribution of $61,000. Does the $6,500 get testing for ADP?
Bri Posted February 22, 2023 Posted February 22, 2023 Nope, those are 415(c)-induced catchup contributions. Which then excludes them from the test. pixmax, ESOPMomma and CuseFan 3
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now