The owner doesn’t want employees who don’t contribute to the 401(k) plan to share in the profit sharing contribution. Can this be arranged?

Question

The owner doesn’t want employees who don’t contribute to the 401(k) plan to share in the profit sharing contribution. Can this be arranged?

April 26, 2017contribute doesn’t don’t employees owner Plan profit share

1 Answer

The owner doesn’t want employees who don’t contribute to the 401(k) plan to share in the profit sharing contribution. Can this be arranged?
Does the employer have to contribute to a 403(b) plan for employees?
Can employees contribute to more than one plan?

score 0 · Answer 1 · 2009-12-14T16:12:42+00:00

Yes, but you will need to amend your plan to include a discretionary matching contribution. This is a hybrid of a profit-sharing contribution and a matching contribution, meeting the needs of select NADART Plan Sponsors.

The owner doesn’t want employees who don’t contribute to the 401(k) plan to share in the profit sharing contribution. Can this be arranged?

1 Answer

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