Gains for late deposits included on the adp/acp test

[ratherbereading]

I have a plan who failed the adp/acp test and refunds were processed.  I included the gains from their late deposits in the test as they were not transferred to earnings at the investment house.  It affected about 30 people and except for 2 people the amounts were well below $1.00.  The other 2 were around $2.00.  Is this a huge deal?

[legort69]

Not in my world.  

[BG5150]

If you know how much the deferrals were, why were you using the figures from the investment house?

Or are you concerned that these misplaced earnings affected the earnings calc on the refunds?

[ratherbereading]

13 minutes ago, BG5150 said:

If you know how much the deferrals were, why were you using the figures from the investment house?

Or are you concerned that these misplaced earnings affected the earnings calc on the refunds?

We do a download into Relius from the investment company then compare what the client gave us to what actually hit the investment company.  There census was  mess but finally got it all straightened out.  I should have known when all was said and done that the remaining small amounts were from the gain/loss and not included them, but unfortunately, I did not. Yes to your second question! 

[BG5150]

Can you re-run the test and see if the difference is material?

[ratherbereading]

56 minutes ago, BG5150 said:

Can you re-run the test and see if the difference is material?

Good idea...