mich823
Dec 17 2001, 05:29 PM
For the 2002 plan year, if the hce gets $40,000 (20% of $200,000) and the rank & file gets 5%, I thought that the plan passes? I'm getting feedback that this scenario doesn't automatically ensure that the plan passes. What do I have to check on the software results to ensure that the numbers (projected for 2002) will be O.K.?
THAKS FOR YOUR HELP!!!
Tom Poje
Dec 18 2001, 06:10 AM
the only thing that insures is that the plan passes the inimum gateway. that is all.
you now have to pass nondiscrimination like you have always had to do before.
software wise- obviously I don't know what software you use. hopefully it at least does the nondisrim testing. I know I will have to do the gateway verification..making sure each ee gets 5% (or 1/3 of the HCE if that is less)