Calculation of Interest/Lost Earnings on Late Deferrals

[MarZDoates]

I've looked at EPCRS and the instructions for DOL's on-line calculator. In each of the examples, it appears that they are illustrating the aggregate amount of late deferrals. In performing the actual calculations, wouldn't you have to determine each participants' late deferral amounts separately to determine their portion of lost earnings?

[Guest Beachgirl]

The way we've handled that is to use the DOL's on-line calculator for the total amount of each payroll that was late. Then, using the payroll file with each participant's deferral amount for that payroll, pro-rate the amount of the lost earnings as calculated by the on-line calculator for that payroll to get the amount of lost earnings for each participant.