Enda80
Jun 10 2008, 05:20 PM
What do you do if the plan does not pass the ACP test? How does 401(M) come in?
Tom Poje
Jun 11 2008, 08:14 AM
same as ADP test. provide QNEC or QMAC to pass testing
refund $ (plus earnings) to HCEs (or forfeit if not 100% vested)
er pays penalty tax if distribution not timely made.