What Is A Top Heavy Plan at Lucinda Bryan blog

What Is A Top Heavy Plan. The top heavy determination is one of the nondiscrimination tests required by the irs to ensure plans do not disproportionately favor. The test breaks down plan assets and limits key employees to owning 60. A 401 (k) plan is considered top heavy when the account balances of “key employees” exceed 60% of total plan assets. Top heavy 401 (k) plan testing is an annual test required for all 401 (k) plan sponsors.

PPT Retirement Planning for Financial Planners PowerPoint
from www.slideserve.com

Top heavy 401 (k) plan testing is an annual test required for all 401 (k) plan sponsors. The test breaks down plan assets and limits key employees to owning 60. The top heavy determination is one of the nondiscrimination tests required by the irs to ensure plans do not disproportionately favor. A 401 (k) plan is considered top heavy when the account balances of “key employees” exceed 60% of total plan assets.

PPT Retirement Planning for Financial Planners PowerPoint

What Is A Top Heavy Plan The test breaks down plan assets and limits key employees to owning 60. The test breaks down plan assets and limits key employees to owning 60. Top heavy 401 (k) plan testing is an annual test required for all 401 (k) plan sponsors. A 401 (k) plan is considered top heavy when the account balances of “key employees” exceed 60% of total plan assets. The top heavy determination is one of the nondiscrimination tests required by the irs to ensure plans do not disproportionately favor.

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