Tom Poje Posted March 1, 2017 Posted March 1, 2017 ok, have a person who made $5150. deferral = 4756 I guess must have deferred 100% of pay. husband must pull down the big bucks and the comp isn't needed! soc sec = 7.65% * 5150 =394 5150 - 394 = 4756 so ADP % based on comp less deferral = 4756 / (5150 - 4756) = 1207%. software won't even use that, it caps at 999%. guess they weren't thinking that could happen when they wrote the regs.
Bird Posted March 1, 2017 Posted March 1, 2017 That will make great cocktail party conversation I am sure Pixie, austin3515 and Bill Presson 3 Ed Snyder
Belgarath Posted March 1, 2017 Posted March 1, 2017 Remind me never to attend one of your parties... Yes, I know you were kidding. MoJo, Bill Presson and Pixie 3
BG5150 Posted March 1, 2017 Posted March 1, 2017 Hopefully she's not an HCE! austin3515 1 QKA, QPA, CPC, ERPATwo wrongs don't make a right, but three rights make a left.
Tom Poje Posted March 1, 2017 Author Posted March 1, 2017 duh. if she was I would use total comp (well, ok, if I thought about it!) ha. this is one of those plans with 300 nhces and a lot of non-deferring, so it helped pass the test.
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