Green92
Sep 18 2009, 09:42 AM
I ran across a prospect that uses Davis Bacon fringe as ER match in a SIMPLE IRA. Can Davis Bacon fringe be used for ER match or ER nonelective contribution in a SIMPLE IRA?
Bird
Dec 4 2009, 09:58 AM
Anyone have any thoughts on this? I came across the same situation, and haven't fully researched it, but am thinking it might be "yes."
Gary Lesser
Dec 10 2009, 01:01 PM
I believe a Davis-Bacon plan must be a qualified profit-sharing or stock bonus plan under IRC 401(a)/501(a).
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