Any suggestions on good reference to correct excess contributions for ADP and ACP after SBJPA 1996? Company makes cutbacks during the course of the year, and it is having hard time projecting those HCEs who will have the highest excess dollar amount (as opposed to percentage).
stephen
Oct 28 1998, 08:29 PM
Why not use prior year adp/acp? Unless you have persons becomming hce's due to ownership during the year you know who your hce's are and you know the maximum % they can defer.