Catch-up Contributions

[Guest carsonv]

I have an off calendar plan year that end 6/30/03. There is a participant that is supposed to be refunded $1800. He is old enough for catch-up contributions, but I am concerned about how to classify them. Does $1000 count as catch-up for 2002 and $800 for 2003, or is all of it counted as 2003 catch-up?

Any help on this matter would be appreciated.

Carson

[E as in ERISA]

There is not enough info there to determine. It depends on the details of when the contributions were made and which limits were exceeded.

[Guest carsonv]

During the plan year deferrals totaled $7800, of that $7800 deferred he will need to be refunded $1800 in order to pass.

Hope that this is the information needed.

[WDIK]

What were the total deferral amounts during the 2002 calendar year? Of the $7,800, how much is attributable to calendar year 2002? What are the deferrals to date for the 2003 calendar year?