Help - Search - Members - Calendar
Full Version: Last Day (of quarter) Requirement
BenefitsLink Message Boards > Retirement Plans > Retirement Plans in General
dmb
Does the fact that a profit sharing plan has a requirement that a participant be employed on the last day of each quarter (allocations calculated quarterly) to recieve an allocation of an otherwise uniform formula make it a non-uniform formula and subject it to discrimination testing?? Any reference cite is greatly appreciated. Thanks.
J Simmons
I think you'd be out of the safe harbor and into general testing. IRS Reg. §§1.401(a)(4)-1©(3) and §1.401(a)(4)-2(b)(2)
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.