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Top Heavy Minimum Contributions Required for Employees Who Refuse to Participate?
BenefitsLink Message BoardsLink to more items from this source
Oct. 26, 2021

"A 401(k) plan has been deemed Top Heavy and will begin making minimum contributions to non-key employees who are plan participants. A group of employees is eligible to participate in the plan but refuses to do so because they say the funds offered by the plan are invested in companies that have poor records regarding the environment. Could argue that these non-key employees are not 'covered' under the plan for top heavy minimum contribution purposes?"

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