Cynchbeast Posted January 16, 2020 Posted January 16, 2020 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?
Lou S. Posted January 17, 2020 Posted January 17, 2020 What does your document and or termination amendment say? rr_sphr 1
Bird Posted January 17, 2020 Posted January 17, 2020 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. rr_sphr 1 Ed Snyder
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