Nicholas Pension Consultants
Plumbers Local Union No. 1 Benefit Funds
Retirement Plan Consultants
Farmer & Betts, Inc.
EPIC Retirement Plan Services
Loren D. Stark Company
Pension Rights Center
Pension Plan Specialists
RTD Financial Advisors
Kentucky Trust Company
Retirement Industry Trust Association (RITA)
Hochheiser Deutsch & Co, Inc.
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|Class-Allocated Profit Sharing with Last Day of Year Employment Condition|
BenefitsLink Message Boards
June 30, 2021
"A plan is class-allocated for 2020 and has allocation conditions (1000 hours and last day of the year employment) for profit sharing. That obviously means someone who did not meet the allocation conditions will not receive profit sharing contribution. But is the reverse true? Does someone who did meet the allocation conditions have to receive a profit sharing contribution?"
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