Match Reverse Deferals

[Guest James Osterhaus]

When doing form 5330 for reverse deferals taken back after the 2 1/2 month deadline. the HCE has to take back match, Vested portion goes to him, remainder forfeited, Do we list the total amount of the match reverse deferal on form 5330 or just the vested portion.

Thanks

James

[Guest UKH]

The total amount of the match reverse deferal must be reported on form 5330. The excise tax is calculated on the entire amount of excess aggregate contributions, even though a portion of it was forfeited and not actually distributed.