In a letter to the IRS dated August 6, 2003, ASPA requested guidance from the IRS that will enable plan sponsors to administer cash or deferred arrangements in accordance with USERRA. The issues addressed include: year to which the make-up employee deferrals relate; required timing of employer contributions, whether they constitute discretionary profit sharing, QNEC, or matching; and testing implications of a brief military leave.
ASPA Asks IRS for Guidance on the Application of USERRA to 401(k) Plans
In a letter to the IRS dated August 6, 2003, ASPA requested guidance from the IRS that will enable plan sponsors to administer cash or deferred arrangements in accordance with USERRA. The issues addressed include: year to which the make-up…