PPP Loan and a 401K retirement contribution for payroll forgiveness
I have a 401K retirement fund for my employees. Last year the company matched the employee's contribution of an allowable amount of 25% of their wages. What is the maximum amount that I can use for payroll forgiveness. Would it be the match for the 25% of payroll that is contributed only during the 8 week loan forgiveness period or can more be contributed to the account? The additional being for the year to date or prepayment for future contributions.