| FAQ 638: ADP--Earnings on excess contributions are not being calculated |
Even though I've posted gains for the people getting refunds, it won't calculate the gains on the refunds for any of them.
First, make sure that you are *not* checking either option on the ADP Corrections Setup screen to "Use Existing Earnings...", as this option will read the earnings input on the Tests screen, rather than calculate the earnings from the account balance. Second, make sure that the "Interest Calculation Date" on the ADP Corrections Setup screen is the plan year end or later. Third, check the Account Values screens to make sure that the earnings figures are valid. The formula used to calculate the earnings based on the numbers in that screen is in the on-line Help. Hit <F1> when you are on the ADP/ACP Test setup screen and look at the "Interest Calculation Date" section.