Guest moltengater Posted February 22, 2005 Posted February 22, 2005 If a partner has negative earned income - but makes 401(k) deferrals during the plan year is there money refunded as a 415 refund? Would they still be included in the ADP testing with $0.00 income?
Archimage Posted February 22, 2005 Posted February 22, 2005 Yes there would be a refund of all of the deferrals and no you would not include him in the ADP test.
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