415 Compensation Reference Table
Qualified plans need to define compensation for IRC Section 415 compliance testing. This definition is also used in identifying highly compensated employees (HCEs), key employees, calculating minimum benefits to non-key employees under top heavy plans, and determining deduction limits for Defined Contribution plans. There are four possible definitions, as defined in Treas. Reg. §1.415(c)-2
We have put together a table to reference as you define compensation to comply with IRC Section 415 and insure your plan can pass required 415 compliance testing.
Please complete the form on this page to receive the compensation table and/or discuss this topic further with one of our senior ESOP Partners consultants.