cdavis25 Posted March 11, 2019 Posted March 11, 2019 If a sponsor over deposits the Match for a HCE, do you count the total deposited in the ACP test or would you forfeit first? i.e. Match is 50% on 6%. The match should have been 8,250. Client deposited 10k. Would you test 10k or 8,250 in the ACP test?
BG5150 Posted March 11, 2019 Posted March 11, 2019 The $1,750 (plus any gains/losses) should be removed from the account and moved to a suspense account per the EPCRS correction on excess allocations. It is not tested in ACP. QKA, QPA, CPC, ERPATwo wrongs don't make a right, but three rights make a left.
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