BG5150 Posted June 19, 2024 Posted June 19, 2024 Automatic Enrollment question: Plan is starting ACA at 3% for all new EEs plus anyone who is currently deferring less than 3% of pay. How do you treat those who have chosen a dollar amount instead of a percentage? QKA, QPA, CPC, ERPATwo wrongs don't make a right, but three rights make a left.
C. B. Zeller Posted June 19, 2024 Posted June 19, 2024 This seems like a procedural question. The employer should come up with something reasonable, document it, and apply it consistently. Lou S. and Luke Bailey 2 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
Bri Posted June 19, 2024 Posted June 19, 2024 just get them to re-sign-up for the $X per paycheck as you claim it's not always obvious whether they'd be above or below 3% each time. Luke Bailey and Lou S. 2
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