ADP refund earnings and catch-ups

[Guest HFOSTER]

In calculating earnings for an ADP refund, I multiply the years actual earnings by the excess contribution/ the beginning of year balance plus the "deferrals" for the year.

In this formula do the "deferrals" include catch-up contributions? In this case I have amounts over 12,000 for 2003.

THANKS

[jaemmons]

Yes, if they are deposited to the same money type on your administration/record-keeping system.