Chippy Posted October 31, 2014 Posted October 31, 2014 Plan is failing ADP test. One participant has 27,096 in deferrals. 6,616 is from 10/1/2013 to 12/31/2013 - he deferred a total of 23,000 for 2013. 20,480 is from 1/1/2014 to 9/30/2014 Can I use 8,480 as the catch up for the 9/30/2014 test? 5,500 from 2013 plus 2,980 for 2014?
Lou S. Posted October 31, 2014 Posted October 31, 2014 Maybe. Was any of the 5,500 catchup for 2013 used on the 9/30/2013 test?
Lou S. Posted October 31, 2014 Posted October 31, 2014 Then yes you can do what you describe. But by using the $2,980 on the 9/30/2014 test, that will not be available for the 9/30/15 test as you've used part of the 2014. edit - my numbers were off
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now