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Posted

We have a 401(k) plan that terminated effective 03/31/19.  Last contributions were paid to John Hancock 03/04/19 and last participant distributions made 08/19/19.

For the final 2019 ADP testing, do we use comp only through 03/31/19 or the full year, or is it our choice?

Posted

When we do our plan terms we don't distribute the participants' money until the ADP test and all work for the year of termination is done. What if someone needs a refund?     Here's a previous link on the same subject that may help

 

4 out of 3 people struggle with math

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