fiona1 Posted November 17, 2003 Posted November 17, 2003 In a straight percent qnec calculation - If one of the members reaches their 415 limit, how is the excess money distributed to the rest of the NHC's? Does the same amount go to all or is it prorated based on their compensation? Example: It's determined 1.75% QNEC needs to be made to the 3 NHC ee's. EE 1 has a comp of 39,000 so their qnec is 682.50 EE 2 has a comp of 42,000 so their qnec is 735.00 EE 3 has a comp of 58,000 but reaches the 415 limit at 1%. Their qnec is 580.00. How is the additional 435.00 distributed? 217.50 each to EE1 and EE2? or will EE 2 get more because their comp is higher?
Blinky the 3-eyed Fish Posted November 17, 2003 Posted November 17, 2003 How does your document read the allocation is to be performed? It sounds as if you are giving each NHCE a percentage of compensation. I seriously doubt your document would have a special provision that allocates equal amounts to others if someone reaches the 415 limit. In other words, my guess is that it will work like this: You need a 1.75% to pass testing. But because the one guy at the 415 limit is getting only 1%, you now may need 1.76% or greater to everyone else to pass. "What's in the big salad?" "Big lettuce, big carrots, tomatoes like volleyballs."
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