ADP Refunds w/o Trust Accounting

[Guest Golden401k]

I need to process refunds by 3/15, but I haven't received the trust accounting. I know the principle, but we all know the negative earnings will reduce the amount to be refunded. What to do? Seems like I have two options:

1. Refund the principle and forget about earnings (let's assume they are negative).

2. Wait for the trust accounting and do the refunds after 3/15.

Are there any other options and what have people been doing?

Thanks.

[imchipbrown]

I'm rowing the same boat with you.

In a (un)related thread, I asked about the taxable year of refunds. In addition to the fine answer, I found

PPA ’06 § 902(e)(3) eliminates the gap period income rule for excess contributions in § 401(k)(8)(A)(i). (New).

I would assume, then, that there is no Gap-period loss.

Maybe my uneducated answer will move your question back to the top of the queue.

[Bird]

I think you have to wait until you know the numbers. Being defensive, I'd start laying (or deflecting) blame now