Jakyasar Posted Friday at 10:52 PM Posted Friday at 10:52 PM Late Friday, brain freeze time Need to check something with the gurus as I have been researching and failing to find. Testing for 401a26 and annual method fails. Software has couple options: 1. Change to average salary (highest 3) and test against annual accrual 2. Change to average salary and use accrued-to-date method (been doing the plan since day one so have all the data) Any issues with either of the above? Also, I could not find anything that would prohibit me testing 410b and 401a4 using different methods than 401a26. Anything I am not able to find? Thank you QKA, QKC, QPA, CBS
CuseFan Posted 5 hours ago Posted 5 hours ago I wasn't aware 1 was an option but sounds OK and yes, 2 is definitely OK. Correct, you need not use the same methodology for 410b, 401a4 and 401a26. Kenneth M. Prell, CEBS, ERPA Vice President, BPAS Actuarial & Pension Services kprell@bpas.com
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