Shawn T

I should have specified that the distribution was a rollover to an IRA. So the prior distribution won't help.

I have a plan where an HCE took an in-service distribution of most of his account and now needs to get an ADP/ACP refund. A little money was left in his deferral source, but it is not enough to cover the excess contribution refund amount. There is plenty of money in his match source to cover both the excess contribution and the excess aggregate contribution. He is fully vested in both sources. Does anybody know of any reason I can't just take the excess deferral correction amount from the match source?

Both were calendar year plans due 7/31/2023 both filed 7/20/2023

I thought looking at the amount of penalty might shed some light. I have notices for two different 8955-SSAs filed the same day. Plan X 16 A’s 23 D’s $10,560 penalty. Plan Y 2 A’s 1 D $660 penalty. If it was just D’s being penalized you would think the penalty for each divided by the D’s would be the same. But then I cannot find any simple factor that reconciles the two penalty amounts.