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Message Boards Digest

June 2, 2021

Here are the most recently added topics on the BenefitsLink Message Boards:

hsctpa created a topic in 401(k) Plans

Wanting to Offer More Generous Match to Employees of Particular Company in Controlled Group

"We have a client that acquired another company. They are part of a controlled group so the new company will be part of the plan. The client would like to give a more generous match to the new company's employees. They have no problem excluding all HCE's from the more generous match formula. Since there will be only NHCE's receiving this more generous match, is there any additional testing we must do; such as benefits, rights and features? Any other issues we might not be taking into consideration?"

1 reply so far   |    Click Here to Add a Reply
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AmyETPA created a topic in 401(k) Plans

Effects of Mid-Year Increase in Match But Only for Employees of a Participating Employer, Not the Plan Sponsor

"Client has a discretionary match formula, first half of the year they've done 100% up to 2% but starting July 1 will increase to 3%. They however want to leave the participating sponsor employees at the 2%. My thought is that is acceptable as long as they pass ACP and as long as there isn't a disproportional amount of NHCEs in the participating sponsor. Would you agree?"

3 replies so far   |    Click Here to Add a Reply

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