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Posted

Have a plan that failed the adp acp test.  Participant is 60% vested. Relius is showing Allocable Income on the ACP correction.  Is it 60% of the Refund Amount that is forfeited? How does the Allocable Income  come into play then? 

4 out of 3 people struggle with math

Posted

Apply the vesting to the correction. 60% of the correction plus allocable income is refunded as excess aggregate contribution and 40% of the correction plus allocable income is forfeited to the Plan.

Posted
16 hours ago, Lou S. said:

Apply the vesting to the correction. 60% of the correction plus allocable income is refunded as excess aggregate contribution and 40% of the correction plus allocable income is forfeited to the Plan.

Thank you! 

4 out of 3 people struggle with math

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