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Employees Get Advanced Earnings; What If Elective Deferrals Not Deducted?
BenefitsLink Message Boards Link to more items from this source
Aug. 27, 2018
Question about employees who are allowed to receive an advance on their earnings. What to do when the employee has over-advanced and will be negative (in the hole)? This is common in the transportation industry. Should the employer honor the elected deferral or take whatever earnings are available to cover that advance debt? We have a qualified plan that allows both pre- and post-tax deferrals.

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