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Credit to Nevin Adams of Plansponsor.com for this list: - If you don’t speak up, people will assume you’re happy with the way things are. - If you don’t love yourself, nobody else will. - If you wouldn’t want your mother to learn about it, don’t do it. - Paying the minimum due on your credit cards is dumb. - High school ISN’T the best time in your life. - Never miss a chance to tell someone “thank you.” - You’ll fall in love more than once – or at least think you have. - Never assume that your employer (or your boss) is looking out for your best interests. - You can be liked AND respected. - Sometimes the questions are complicated and the answers – aren’t. - Hug your parents – often. - Know at least a little about sports and the weather. - “What do you think?” is a great response when you don’t know the answer. - The hardest thing to do is quit while you’re ahead. - The second hardest thing to do is to keep your mouth shut. - Never assume that “senior management” knows what they’re doing. - “Have you been working out?” is the best thing you can say to someone. The second best is, “Have you lost weight?” - People notice people that don’t swear. - Breaking up IS hard to do. - Listen. - Smile. - Read. - That 401(k) match is not “free” money – but it doesn’t cost you anything. - Start saving for retirement – now!

I've seen this in deferral election forms that ask for separate elections for deferral and catch-up. I guess this might be appropriate where people specify dollar amounts ... maybe, but for percentage elections, how do you figure out what percentages to list? And in either case, what's the point? It ain't catch-up until you defer the applicable limit, and then it is (subject to plan rules).

In the two-step process of correcting an ADP test, you first determine the total dollar amount that needs to be removed from the plan by leveling down the HCE %'s starting with the higher %'s. The second step is to determine the excess contributions by leveling down the HCE's contributions, starting with the highest. It is then you know what each person's excess contribution is and then you can apply any left-over catchup in order to offset any refund. In your case, only the highest-deferring HCE has an excess contribution. And since he is not yet 50, there is nothing to re characterize.

You're right. Assets minus Liabilities = Capital Assets = Liabiliities Plus Capital In my haste, I was attempting to get to Capital = Assets minus Liabilities.