Guest ehayes Posted June 6, 2003 Posted June 6, 2003 What is the safe harbor formula for calculating gains/losses on excess 401k contribution?
Mike Preston Posted June 10, 2003 Posted June 10, 2003 I don't think there is one. Well, there is for the "gap" period income between the end of the plan year and the date of distribution, which is 10% of the previous year's earnings times the number of months, but then again, gap period income can be defined in the plan as zero, so that would be an even easier safe harbor for the gap period.
Blinky the 3-eyed Fish Posted June 10, 2003 Posted June 10, 2003 While any reasonable method can be used, see 1.401(k)-1(f)(4)(ii) for a method described in the regs. "What's in the big salad?" "Big lettuce, big carrots, tomatoes like volleyballs."
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