Top Heavy

[Guest EPS2]

I have a New Comparability plan.

First plan year is a calendar year ending on 12/31/07. No contribution or transfers of any kind were deposited during the 2007 year.

Is it true that because it is a new comparability plan, the receivable contribution (first contribution for the plan) IS included in the end balance for 2007?

I thought that since it is the first plan year, there would be no balance, as there were no contributions made yet, hence the plan would not be Top Heavy for the determination year (first plan year). Receivables are not counted in calculating top heavy...or are they?

Does anyone know where I could look this up?

[Tom Poje]

t-24 of 1.416-1

the third sentence

"However, in the first year of the plan...