Nova 401(k) Associates
Atlantic Pension Services Inc
Compensation Strategies Group, Ltd.
The Retirement Plan Company (TRPC)/an ABG firm
Nicholas Pension Consultants
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|Employees Can Choose Profit Sharing Allocation or a Gift But Not Both?|
BenefitsLink Message Boards
June 16, 2021
"Employer has a cross tested plan. Employees in their own rate group. In addition, outside of the plan, they award gifts to employees once they reach a 5 year milestone. The employer wants to offer the gift OR the profit sharing allocation. The employee chooses which one they want. Is this even acceptable?"
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