Gilmore Posted December 28, 2018 Posted December 28, 2018 A one-man company, inception date 12/1/2018, would like to start a 401k with an initial short plan year, 12/1/2018 to 12/31/2018. If the Limitation Year is defined as the calendar year, is it permitted to not prorate 415 and comp, even though the company has only been in existence for 1 month? Thank you very much.
ETA Consulting LLC Posted December 28, 2018 Posted December 28, 2018 Yes. This language is actually included in many prototypes. Good Luck! CPC, QPA, QKA, TGPC, ERPA
Gilmore Posted December 28, 2018 Author Posted December 28, 2018 Thank you very much for the confirmation.
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