402g exceeded by HCE, testing and 415(c) question

HCE deferred 35k during 2024 (over 50) thus exceeded the 402g limit by 4.5k

The refund will be done prior to 3/15/2025 - does it make a difference if needs to be refunded prior to 12/31/2024?

For 410b, which amount should be used?

For 415(c) limit for PS purposes, is it safe to assume 69k-23k i.e. 46k allocation? The refunds will be made, that is not something to worry about.

Thanks

I would get the distribution/correction done this year so all the 1099-Rs are done for the tax calculations.  It's done and over with and you are not thinking about it in 2025.

That is not up to me unfortunately but I am still not sure about the amounts to use as asked.

What does the plan document say? In our document,  the definition of "Annual Addition" includes the following:

Quote

Employer contributions allocated to a Participant's Account, including Elective Deferrals, Matching Contributions, Non-Elective Contributions, Pension Contributions and Qualified Non-Elective Contributions. Employer contributions shall also include Excess Elective Deferrals, unless such amounts are distributed no later than the first April 15 following the close of the Participant's taxable year