The slowdown in deferrals
has not yet translated to the lower rate of defaults, which remained virtually at the same level as that of 2009.
If a new employee filed an election to receive cash in lieu of making deferrals
and the election was filed within a reasonable period ending before the beginning of the first month after the individual first became an employee, no deferrals
for that (or any subsequent) month would be made.
Fitch reports 155 deferrals
through the end of October compared to 233 through the same period last year.
made) or nonelective (allocated to all eligible participants) contribution to all eligible NHCEs.
March saw 21 new bank deferrals
, bringing the number of deferrals
to 32 for the first quarter of 2011,' said Director Johann Juan.
The average deferral
rate for a sample group of Milestones users1 is 2.
A statutory limit is a ceiling on elective deferrals
or annual additions imposed under Sec.
These elections create an immediate income inclusion for the shareholder and eliminate the tax deferral
The rate of matching contributions does not increase as the rate of an employee's elective deferrals
Under section 409A it may no longer be permissible for participants to coordinate NQDC deferrals
with qualified plan elections.
The first safe harbor for 401(k) plans is satisfied if the employer makes a contribution to the plan of at least three percent of compensation on behalf of each non-highly compensated employee (non-HCE) eligible to participate in the 401(k) plan, without regard to whether or not the non-HCE makes elective deferrals
to the plan.
bank TruPS CDOs finished slightly higher, while deferrals
saw a more pronounced increase, according to the latest index results from Fitch Ratings.