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Full Version: Question #14 test 06/05/97
BenefitsLink Message Boards > Continuing Professional Education > ASPPA C2 (DC) - Admin Issues of DC Plans
Jhagan
What is the total QNEC required for the NHCE in order for the plan to pass the ADP?

-None of the NCE are related
-The plan year is 1996 calendar year
-No other matching or nonelective contributions
-All HCE are elgiible for QNEC
-Gross compensation is used for testing

EE, Gross comp, elective deferral

HCE1, 150,000, 9,000
HCE2, 100,000, 8,500
NHCE1, 50,000, 2,500
NHCE2, 50,000, 2,500
NHCE3, 25,000, 625

Anwser is 862.50. Can't get there.
Dan
I calculated 812.50. I do not know how they arrived at that answer. I think that answer is wrong.
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