BG5150 Posted January 24, 2018 Posted January 24, 2018 I have a plan that has an owner and 2 new participants who entered on 7/1. I'm trying to run a max scenario. Allocation is on particpation comp. Plan is top heavy. Owner comp "only" $110,000. ;) NHCE1 28,000 (full) 14,000 (participation) NHCE2 24,000 & 12,000 What compensation do I use as my 25% ceiling? $162,000 or 136,000? QKA, QPA, CPC, ERPATwo wrongs don't make a right, but three rights make a left.
Mike Preston Posted January 24, 2018 Posted January 24, 2018 $162k (it is comp paid during the fiscal year).
Larry Starr Posted January 24, 2018 Posted January 24, 2018 Mike is right (of course!). Lawrence C. Starr, FLMI, CLU, CEBS, CPC, ChFC, EA, ATA, QPFC President Qualified Plan Consultants, Inc. 46 Daggett Drive West Springfield, MA 01089 413-736-2066 larrystarr@qpc-inc.com
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