Jump to content

Recommended Posts

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
14 hours ago, Cynchbeast said:

We have a 401(k) plan that terminated effective 03/31/19.

If that's the last date that deferrals could have been taken then that's the date.  If the resolution said "no deferrals after 3/4 (or whatever date - 2/28* maybe?) and the plan is term'd as of 3/31" then I'd use the earlier date.  Were there no deposits after 3/4 due to participant choice or other, maybe arbitrary reasons?

*To clarify, the deposit date is totally irrelevant.  It's the last payroll date that deferrals could have been taken that matters.

Ed Snyder

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...

Important Information

Terms of Use