Donkey Kong
Nov 3 2000, 04:56 PM
If anyone here took the EA-2 exam today, did you understand question #45? It was the question relating to the restricted highly compensated employee's distribution. What was your take on what the question was asking?
If you can give more description of the Q, someone can probably help.
Donkey Kong
Nov 3 2000, 05:08 PM
Only someone who took the examination can help. It is not a matter of how to answer a problem in this area. It is a matter of discerning what the question was asking for. To me there seemed to be a typo, but I could easily be missing something.
pax
Nov 13 2000, 06:25 PM
Believe it or not, some of us are EA's. We might be able to answer the question if you can state it.
Don N
Nov 16 2000, 08:01 AM
Take a look at Regulation 1.401(a)(4)-5(B)(3); in practice, the determination as to whether an HCE is "restricted" and hence limited in his/her distribution can be time consuming because records have to be kept ( conceivably) back to 1989 of who the HCE's were; if you were confused by this exam question, don't feel like you're the only one; I took the exam several years ago & have been working in pensions a long time & it was only within the last year that I was made aware that this reg. section is important ! Good Luck!
Don N
Nov 17 2000, 08:01 AM
Why not post the question; it may be helpful for those of us who deal with the restricted calc. in practice.
Donkey Kong
Nov 17 2000, 09:34 AM
I appreciate everyone's attempts to help. However, as I mentioned before, it is not the topic on which I had the question, but the wording of the question itself. This is definitely a case of "you had to be there".
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