Stash026 Posted October 2, 2019 Posted October 2, 2019 I know this is a basic question, but I've got differing answers for some recent. Can a Cash Balance Plan have a 6-year vesting schedule or is it just a 3-year cliff? Thanks in advance
C. B. Zeller Posted October 2, 2019 Posted October 2, 2019 3-year cliff only. 411(a)(13)(B) Free advice is worth what you paid for it. Do not rely on the information provided in this post for any purpose, including (but not limited to): tax planning, compliance with ERISA or the IRC, investing or other forms of fortune-telling, bird identification, relationship advice, or spiritual guidance. Corey B. Zeller, MSEA, CPC, QPA, QKA Preferred Pension Planning Corp.corey@pppc.co
david rigby Posted October 2, 2019 Posted October 2, 2019 …. or better. I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
Stash026 Posted October 2, 2019 Author Posted October 2, 2019 So they could do something like 33.3% per year if they wanted
SoCalActuary Posted October 2, 2019 Posted October 2, 2019 So long as you get to 100% after 3 years, yes.
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