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Author: moseykitty One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121482  
Subject: Excess 401(k) Date: 8/9/2001 3:26 PM
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I read an article on CNNfN about what they called an "excess 401(k)" where a company can favor highly compensated employees somehow.

Does anyone know what they are talking about? Is it just a Keough perhaps?

Thanks

MK
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Author: pmarti Big funky green star, 20000 posts Home Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 53206 of 121482
Subject: Re: Excess 401(k) Date: 8/9/2001 3:53 PM
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I read an article on CNNfN about what they called an "excess 401(k)" where a company can favor highly compensated employees somehow.

The law includes "nondiscrimination" rules which apply to "highly-compensated" employees. There's a comparison between what they contribute and what other employees contribute, and the highly-compensated may be required to withdraw some of their contributions. I believe it's covered to some extent in Publication 575, but your plan administrator would probably be the best source if you have some personal concerns.

Phil Marti

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