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hemakumari-itsno
Level 2

If someone work for two orgs & total comp 120K+, both offer 401. Is HCE check based one EMPLOYER comp for which employee opts 401K or based total comp of both employers?

 
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Best answer October 01, 2022

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GlinetteC
Moderator

If someone work for two orgs & total comp 120K+, both offer 401. Is HCE check based one EMPLOYER comp for which employee opts 401K or based total comp of both employers?

Thanks for reaching out to the Community, hemakumari-itsno.

 

Concerning the paycheck or 401(K) comp, if it will base on HCE for one employer or both, I highly suggest contacting the IRS so that they can provide more details about handling this kind of concern.

 

Here are some resources you can check for additional information about 401(k):

 

 

If you have other QuickBooks concerns, you can post them anytime here. The Community is here to help.

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1 Comment 1
GlinetteC
Moderator

If someone work for two orgs & total comp 120K+, both offer 401. Is HCE check based one EMPLOYER comp for which employee opts 401K or based total comp of both employers?

Thanks for reaching out to the Community, hemakumari-itsno.

 

Concerning the paycheck or 401(K) comp, if it will base on HCE for one employer or both, I highly suggest contacting the IRS so that they can provide more details about handling this kind of concern.

 

Here are some resources you can check for additional information about 401(k):

 

 

If you have other QuickBooks concerns, you can post them anytime here. The Community is here to help.

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