Top-heavy plan definitionQuestion What constitutes a top-heavy retirement plan?
Answer A top-heavy retirement plan is a qualified plan that provides more than a certain amount of benefits or contributions to owners and/or highly paid employees than for other employees. Top-heavy plans have special vesting schedules.
Brain Trust contributor:
Author of J.K. Lasser's Small Business Taxes 2007
Related Categories: Accounting, Finance, Taxes, Financial Planning, Human Resources, Management, Retirement And Exit Strategies
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