Category Archives: Profit sharing

410(b) Testing and Employees Terminated With More than 500 Hours

I had a great question today about Code section 410(b) testing. For those of you that don’t do much testing, Code section 410(b) requires that the average benefit percentage for employees who are not highly compensated employees is at least … Continue reading

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IRS Resolves Part of the Cross-Testing Individual Classification Issue

In a Special Edition of Employee Plan News, dated August 2007 and released by the IRS on August 28, 2007, the IRS may have resolved at least some of the controversy over cross-testing plan allocations by placing individuals in their … Continue reading

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