MGOAdmin Posted January 9 Posted January 9 Can a 403b make each participant their own allocation group for non-elective contributions like for 401k plans?
Bill Presson Posted January 10 Posted January 10 They can in our ASC document. ERISAGirl 1 William C. Presson, ERPA, QPA, QKA bill.presson@gmail.com C 205.994.4070
austin3515 Posted January 11 Posted January 11 Our Relius Doc as well. To put it more generally, yes, if your pre-approved document has the option. A lot of the more simplified "bundled" providers will not include that option. Bill Presson 1 Austin Powers, CPA, QPA, ERPA
Patricia Neal Jensen Posted January 13 Posted January 13 Yes. Again, check available document language but the rules concerning this contribution type are the same in 403(b) as they are in 401(k). Patricia Neal Jensen, JD Vice President and Nonprofit Practice Leader |Future Plan, an Ascensus Company 21031 Ventura Blvd., 12th Floor Woodland Hills, CA 91364 E patricia.jensen@futureplan.com P 949-325-6727
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