Hochheiser Deutsch & Co, Inc.
Nicholas Pension Consultants
Retirement Plan Consultants
Farmer & Betts, Inc.
RTD Financial Advisors
ERISA Services, Inc.
Plumbers Local Union No. 1 Benefit Funds
Loren D. Stark Company
Kentucky Trust Company
EPIC Retirement Plan Services
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|3% to All But HCE Fails Due to Young Whippersnapper|
BenefitsLink Message Boards
Jan. 28, 2021
"Employer wants to give 3% PS contribution to everyone in the plan, but the owner doesn't want to take a contribution at all. Owner has a son who happens to be the youngest employee in plan. Giving his son 3% will not pass rate group testing. He fails. Could I still give the son 3% and just say that the allocation in pro-rata other than the owner is taking $0?"
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