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Showing results for tags 'Rollover Before Testing'.
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As a practice, we always try to discourage plans from using "payouts on demand" for termination, especially for HCEs. Waiting until after the close of the year of service termination is the plan design we recommend, when possible. Of course the one Client that decided to ignore that advice is the one that has an ADP Test failure where the person due a distribution of excess contribution has already rolled out 100% of his account balance. They want the person paid almost when the person walks out the door! Any advice on how to correct a rollover of excess contributions to an IRA would be much appreciated. Thanks!
