Is anyone else struggling with the regulation on plan's minimum contribution rates? When I look at the Employee Data Spreadsheet Member Contribution Rate (Column J on the second tab) it is near impossible to have the contribution rate of the President be within 25% of the other Contribution Rates.
I am considering exempting the President and the others that own part of the company from the DC plan. Is anyone else considering this as an approach?
Thanks in advance.
I am considering exempting the President and the others that own part of the company from the DC plan. Is anyone else considering this as an approach?
Thanks in advance.
EOM3 DC Contribution Rates