Can a Highly Compensated Employee elect not to participate in a Profit Sharing Plan?

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Can a Highly Compensated Employee elect not to participate in a Profit Sharing Plan?

April 26, 2017highly participate Plan profit sharing

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How do you convert a Profit Sharing Plan with another trustee to a Principal Trust Individual 401(k)?
Can a Highly Compensated Employee elect not to participate in a Profit Sharing Plan?
Which groups participate in the US Airways profit sharing plan?

score 0 · Answer 1 · 2009-10-02T19:08:13+00:00

A plan may exclude from participation designated classifications of highly compensated employees, but an employee can elect only once to not be covered. The plan must offer the election when the employee is first eligible to participate.

Can a Highly Compensated Employee elect not to participate in a Profit Sharing Plan?

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