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The "employer" must contribute, but there are a couple of different options/formulas. Who did your plan? Did you get help from an accountant? If so, have him or her help with the contribution. What does your plan say?
I clarified it with Vanguard....the part that didn't make sense is that i thought the employer could contribute dollar for dollar up to 3% of the employee's contributions, whereas in reality it's 3% of the employee's COMPENSATION ....so that makes a big difference!
In the end though, Vanguard has me specify employee vs employer when I contribute. This differentiation is not indicated on the tax forms they send me at the end of the year....it's more for bookkeeping on their site. as long as I can make the numbers jive based on the cumulative total, I should be fine. and they do
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