Transcription of Non-Discrimination Tests Used
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Non-Discrimination Tests Used
General Testing3/12/2009(c) 2009 DATAIR1401(a)4 General Test Including Gateway & Safe Harbor ContributionsChad BlechJim BuchmanNon-Discrimination Tests UsedTests involved 410(b) Average Benefits Percentage Test While not actually part of general testing, is used Gateway 401(a)4 General TestGeneral Testing3/12/2009(c) 2009 DATAIR2 Gateway Test Must Pass Gateway to Cross Test under the 401(a)4 General Test Benefiting NHCEs must receive lesser of: 1/3 the Allocation percent of the highest HCE pct 5% of 415(c) Compensation Important to note the difference in comp definition401(a)4 General TestFactors used in the General Test Retirement Age Assumptions Interest Rates Mortality Allocation vs. Benefits Current Year vs. Accrued to Date With or Without Permitted Disparity Testing All Together vs. OEX Separately Compensation AveragingGeneral Testing3/12/2009(c) 2009 DATAIR3401(a)4 General TestMethods for Determining Rates Allocation Rate Converting Allocations to Equivalent Benefit Accrual for the General Test Annual Accrual Method (used most often) Accrued To Date Method401(a)4 General TestRates using Allocation Method (Contribution + Forfeitures) / CompensationExample:Contribution = $1,000
General Testing 3/12/2009 (c) 2009 DATAIR 1 401(a)4 General Test Including Gateway & Safe Harbor Contributions Chad Blech Jim Buchman Non-Discrimination Tests Used
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