Announcement:
wanna exchange links? contact me at sapchatroom@gmail.com.
Posted by
Admin at
Question from Raghav on Nov 9 at 2:28 PM We have a small group of highly class executives who quality for participation in the Supplemental Excess Defined Contribution Plan – these are executives whose annual compensation typically exceeds $270,000 / year (the IRS limit beyond which 401k contributions can no longer be made)
These executives must choose just once during a year a % contribution into the normal 401k plan. Once they hit the $270,000 IRS maximum for compensation, their contribution rate will roll over into the Supplemental Excess DC plan. This election cannot be changed more than once in a year.
Currently these high comped executives have only been able to allocate their contributions into the 401k qualified plan on a pre-tax basis and we need to enable them to allow their 401k plan contributions into a Roth plan which needs to be post tax.
How can we configure this in the system.
| Reply to this email to post your response. __.____._ |   _.____.__ |
