Operational Failures

[Nassau]

This involves missed automatic enrollments. Assume we are going to make a corrective contribution based on 50% of what they would have been automatically enrolled at and that earnings will be based on the default investment. Through EPCRS how do you calculate the earnings when you base it on a midpoint?

[Guest taxesquire]

This isn't something I examined before, but I expect a safe approach would be to pretend that a pro rata portion of that 50% would have been contributed each payroll, and base interest on that presumed contribution date.