CPSP: Compensation Definitions and Scenarios

Question 1

Which IRC code should be used for: Annual Limits testing?

Answer 1

415(c)

Question 2

Which IRC code should be used for: HCE compensation determination.

Answer 2

415(c)

Question 3

Which IRC code should be used for: determining key employees.

Answer 3

415(c)

Question 4

Which IRC code should be used for: whether top-heavy contributions have been satisfied.

Answer 4

415(c)

Question 5

Which IRC code should be used for: a plan sponsor’s tax-deductible contribution amount.

Answer 5

415(c)

Question 6

Which IRC code should be used for: contribution amount under a \safe harbor plan.

Answer 6

414(s)

Question 7

Which IRC code should be used for: non-discriminatory testing

Answer 7

414(s)

Question 8

Which IRC code should be used for: ADP, ACP testing

Answer 8

414(s)

Question 9

Which IRC code should be used for: allocations and accruals

Answer 9

Either 415(c) or 414(s)

Question 10

Which IRC code should be used for: employer match

Answer 10

Either 415(c) or 414(s)

Question 11

Which IRC code should be used for: max permitted deferral

Answer 11

Either 415(c) or 414(s)

Question 12

Which IRC code should be used for: determining Actual Deferred Ration and Actual Contribution Ratio

Answer 12

414(s)

Question 13

Which IRC code should be used for: testing whether employer contributions are non-discriminatory.

Answer 13

414(s)

Question 14

Which IRC code should be used for: determining a sponsor’s maximum tax deductible contribution for a year.

Answer 14

415(c)

Question 15

Which IRC code should be used for: the minimum gateway contributions when using a CROSS-TESTED method in allocation testing

Answer 15

415(c)