Help - Search - Members - Calendar
Full Version: Employer Match
BenefitsLink Message Boards > Retirement Plans > 401(k) Plans
Elmo
Can an employer limit the compensation subject to a match; for example, match dollar for dollar up to 3% and $100,000 of compensation
Mike Preston
Yes. However, if the match was instituted in order to satisfy a particular provison of the Internal Revenue Code (such as a safe harbor match under 401(k)(12)(B)), then that provision would no longer be satisfied and the plan would lose whatever advantage it enjoyed by satisfying the provision.
This is a "lo-fi" version of our main content. To view the full version with more information, formatting and images, please click here.
Invision Power Board © 2001-2012 Invision Power Services, Inc.