Being classified as an HCE means that you are earning more than $115,000 which is a good income and does subject you to higher taxes. It is good that you also want to maximize your 401(k) plan contributions. For
It sounds as if your plan is top heavy and is failing the non-discrimination tests that must be done. HCE's are individuals who earn over 115K (in 2013). Plan sponsors also can elect to limit the number of HCE's
David, Am I correct in my understanding that you sold your employer's stock while it was in the plan and NOT by removing it from the plan under the NUA-related tax codes? If that's the case, you are most likely out of luck…
Information is provided 'as is' and solely for informational purposes, not for investment purposes or advice.
BrightScope is not a fiduciary under ERISA. BrightScope is not endorsed by or affiliated with FINRA.