Originally Posted by
Tailhookah
Where will the $$ go if the min balance is agreed upon? Not your 401k. That breaks IRS laws amigo. Ah…. The MBCBP or something else. We’ve already won the use of the MBCBP via one of the Covid LOA’s but like many other things here Delta hasn’t made it available yet and that’s due to US gov approval (so says Delta, even though it was supposed to be in play in tax year 2021).
the LOA was predicated upon an optional MBCBP, and you are still incorrectly assuming that the MBCBP comes with a minimum balance concept, amigo
The establishment of even a non-optional MBCBP does not require a minimum balance concept.