wsp Posted February 17, 2003 Posted February 17, 2003 My client neglected to refund the necessary payments as a result of the plan's failure of the 2001 ADP test. The plan is correcting this via the SCP route by making a one-to one correction in contributing the amount of the refund as an allocatioin to the NHC group. Now my question....Are these contributions characterized as a QNEC and 100% vested or as Employer Contributions that fall under a vesting schedule?
Blinky the 3-eyed Fish Posted February 17, 2003 Posted February 17, 2003 QNEC. "What's in the big salad?" "Big lettuce, big carrots, tomatoes like volleyballs."
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