Andy the Actuary Posted August 5, 2014 Share Posted August 5, 2014 I'm unsure whether age, government regs, or all have confused me. Facts: 2013 minimum contribution = 390,000 FSCOB applied = 138,000 Net Minimum = 252,000 PV of Contributions made = 254,000 Excess contributions = 2,000 Relius calculation shows 611 on 38(b). I believe the entire 2,000 should be adjusted at MV interest rate. Any comments? The material provided and the opinions expressed in this post are for general informational purposes only and should not be used or relied upon as the basis for any action or inaction. You should obtain appropriate tax, legal, or other professional advice. Link to comment Share on other sites More sharing options...
FAPInJax Posted August 5, 2014 Share Posted August 5, 2014 There must be some 'missing' information to arrive at the 611. I am not sure what it is since all the numbers are even except for the final results (perhaps the use of the balance was not on the valuation date?). However, I would agree based on the information provided that the answer would appear to be 2,000. Link to comment Share on other sites More sharing options...
Andy the Actuary Posted August 5, 2014 Author Share Posted August 5, 2014 Not at office. My apologies. 611 was what showed up in 38b. I rounded my numbers. I'll send you the actual numbers later. Is 38b calculated br Relius or just an errant number that found its way as an entry? I will allow for the possibility that I somehow entered it. Back to you later. Thamks for prompt response. AtA The material provided and the opinions expressed in this post are for general informational purposes only and should not be used or relied upon as the basis for any action or inaction. You should obtain appropriate tax, legal, or other professional advice. Link to comment Share on other sites More sharing options...
Andy the Actuary Posted August 5, 2014 Author Share Posted August 5, 2014 I am convinced that SungardRelius did not enter 611 that I must have. From best I can see, it doesn't appear SR even calculates line 38B. My apologies. The material provided and the opinions expressed in this post are for general informational purposes only and should not be used or relied upon as the basis for any action or inaction. You should obtain appropriate tax, legal, or other professional advice. Link to comment Share on other sites More sharing options...
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