Calculating earnings

[ratherbereading]

Hi. I have a participant that was paid out in error. Luckily, she never cashed the check, so the distribution was reversed, and her account made whole. How do I figure any gain/loss associated with her account while her money was gone?

She was paid out 9/28/15 and the money went back into her account 1/22/2016. Luckily, she has only 1 fund and I have the unit values for said fund for each day from 9/28/15 - 1/22/2016.

Thanks in advance!

[ESOP Guy]

She was paid out 9/28/15 and the money went back into her account 1/22/2016. Luckily, she has only 1 fund and I have the unit values for said fund for each day from 9/28/15 - 1/22/2016.

Thanks in advance!

As far as I am concerned you have it right there. You compute the earnings using the until values plus the fund might have paid a dividend around 12/31/2015.

the goal should be to make this person so they are no better or worse off then if the mistake wasn't made. The best way to do that is make sure they have the exact number of units they would have had without the error.