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October 1, 2022
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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?

  • October 1, 2022
  • 1 reply
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Best answer by GlinetteC

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.

1 reply

GlinetteCAnswer
October 1, 2022

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.