Most are aware from here or the news that the IRS tweaked various plan limits for 2024.
What are the implications to a balance within a 457b plan if an employee qualifies for one or more years, then the Code Section 414(q) limits of the dollar level threshold for becoming a highly compensated employee are modified upward by the IRS and afterwards they no longer qualify?
Does that limit take into account things like the employer portion of the health plan or other benefits?
Has anyone hit this particular situation in the past?
What are the implications to a balance within a 457b plan if an employee qualifies for one or more years, then the Code Section 414(q) limits of the dollar level threshold for becoming a highly compensated employee are modified upward by the IRS and afterwards they no longer qualify?
Does that limit take into account things like the employer portion of the health plan or other benefits?
Has anyone hit this particular situation in the past?
Statistics: Posted by qsysopr — Sun Dec 17, 2023 9:12 am — Replies 0 — Views 57