BG5150 Posted April 21, 2021 Posted April 21, 2021 Participant is allowed to defer more than the 10% limit that the plan allows. Not catchup eligible. Per EPCRS, and Excess Allocation arising from a deferral must be distributed to the participant. What 1099R code is used on that distribution? QKA, QPA, CPC, ERPATwo wrongs don't make a right, but three rights make a left.
BG5150 Posted April 22, 2021 Author Posted April 22, 2021 Thanks, Lou! QKA, QPA, CPC, ERPATwo wrongs don't make a right, but three rights make a left.
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