metsfan026 Posted Friday at 03:53 PM Posted Friday at 03:53 PM We have a 1 person Cash Balance Plan (owner only) that we are taking over. I just want to make sure that they have compensation defined correctly in the Plan Document. The choices given are: 1) W2 2) Code 3401 3) Code 415 Safe Harbor Thanks in advance!
CuseFan Posted Friday at 06:52 PM Posted Friday at 06:52 PM Check the BPD - it should say that for a self-employed individual their compensation is their net earned income from self-employment, so whatever AA option gets checked I don't think it matters much. Bill Presson, Bri and Carike 3 Kenneth M. Prell, CEBS, ERPA Vice President, BPAS Actuarial & Pension Services kprell@bpas.com
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