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URL:  http://boards.fool.com/b-matching-contributions-i-in-general-the-24886522.aspx

Subject:  Re: 401k problem Date:  12/2/2006  6:15 PM
Author:  foolazis Number:  54590 of 75340

(B) Matching contributions
(i) In general The requirements of this subparagraph are met if, under the arrangement, the employer makes matching contributions on behalf of each employee who is not a highly compensated employee in an amount equal to—
(I) 100 percent of the elective contributions of the employee to the extent such elective contributions do not exceed 3 percent of the employee's compensation, and
(II) 50 percent of the elective contributions of the employee to the extent that such elective contributions exceed 3 percent but do not exceed 5 percent of the employee's compensation.


My company switched to such a safe-harbor plan several years ago, which finally allowed me to contribute more than 7% to my 401(k). Get you fellow workers together and lobby to convert to a "safe-harbor" 401(k) plan.

foolazis

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