Guest dlm Posted August 18, 1999 Posted August 18, 1999 Profit sharing plan omitted a participant in error. Per APRSC guidelines, the participant should be credited with a contribution and associated earnings. The plan has segregated accounts. How do i credit earnings? Would an average of the rate of return on the seg. accounts suffice? Thanks in advance!
Guest Bill Posted August 18, 1999 Posted August 18, 1999 Look at the recently released Rev Proc 99-31, it gives examples of acceptable methods of caculating earnings on corrective contributions.
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