Dan Shea
Dec 8 1999, 12:13 PM
Can an employer contibute both a matching 3% and a non-elective 2% in the same year for his simple plan.
Paul McDonald
Dec 8 1999, 01:07 PM
No. There are 2 options. You Pick One OR the other. No more, No less AND declared in advance of the plan year (with the exception of the matching declaration can be less in 2 out of 5 years.
[This message has been edited by Paul McDonald (edited 12-08-1999).]