Contributions to a 401K plan that cause the plan to fail the ACP test, which determines whether a retirement plan favors highly compensated employees. In applying this test, plan administrators must consider contributions from both the employer and the employee. The test determines whether these contributions represent excess aggregate contributions.
Related information about excess aggregate contribution:
- Excess aggregate contribution | Retirement Dictionary
Mar 20, 2009 ... Additional Helpful Information. A plan may correct an excess aggregate contribution by either of the following methods: Additional contributions.
- Excess Contribution Chart Updated - McKay Hochman Company, Inc.
Jul 23, 2009 ... Excess Contribution Corrected Within 2½ Months [Fail ADP] & Excess Aggregate Contribution [Fail ACP] 2003, Updated October 6, 2006, ...
- Lawriter - ORC - 3517.109 Disposal of any excess funds and excess ...
(8) “Excess aggregate contribution” means, for each contributor, the amount by which that contributor's aggregate contribution exceeds that contributor's ...
- What is excess aggregate contribution? definition and meaning
Definition of excess aggregate contribution: Contributions to a 401K plan that cause the plan to fail the ACP test, which determines whether a retirement plan ...
- 4.72.3 Employee Contributions and Matching Contributions
However, if a distribution of an excess aggregate contribution is not made before the end of the 12 months following the end of the plan year in which they were ...
- (CODA) This - Internal Revenue Service
treated as an Excess Aggregate Contribution. The ADP and ACP of the Highly Compensated Employees are determined after any corrections required to meet ...
- 26 USC § 4979 - Tax on certain excess contributions | LII / Legal ...
For purposes of this section, the term “excess aggregate contribution” has the meaning given to such term by section 401 (m)(6)(B). For purposes of determining ...
- 26 CFR 54.4979-1 - Legal Information Institute - Cornell University
Apr 1, 2012 ... The term “excess aggregate contribution” has the meaning set forth in § 1.401(m) -5 of this chapter. For purposes of determining excess ...