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Full Version: 401(k)/catch-up/profit sharing contributions

BenefitsLink Message Boards > Retirement Plans > 401(k) Plans

babs51

Apr 14 2006, 05:40 PM

Employee age 55 made 14K in deferrals. Can we allocate 32K as PS cont for a total of 46K and still consider the 4K overage as catch-up?

Please advise.

Archimage

Apr 17 2006, 07:43 AM

Yes, assuming your document allows you to do so.

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