mattmc82 Posted June 5, 2020 Posted June 5, 2020 So typically when a flat dollar elections exceeds pay, the whole paycheck less taxes would be deferred. if the plan deferral limit is say 80%, would the deferral on pay be the whole paycheck or just up to that limit? Obviously its a plan year limit - so I would still think the whole check would be deferred as long as it didn't make that individual's deferral percentage greater than 80% on the year. Thoughts?
Bird Posted June 5, 2020 Posted June 5, 2020 I think if the plan says 80% is the max it is implicit that it is per pay period. I don't see anything clarifying this in our (FTW) document. Luke Bailey and mattmc82 2 Ed Snyder
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