The problem with an organization being “Top Heavy”
By EsqSocial Corporation 21/06/21
If you know about a thing or two about plan administration, you know about the top-heavy rules. The top-heavy rules generally ensure that the lower-paid employees receive a minimum benefit if the plan is top-heavy. A plan is top-heavy when, as of the last day of the prior plan year, the total value of the plan accounts of key employees is more than 60% of the total value of the plan assets....
By: Ary Rosenbaum