| FAQ 1113: QNEC: Secure Act ADP correction Safe Harbor |
For our failed ADP tests we will be providing a 4% safe harbor amendment. What is the simplest report that shows the cost of the 4% Safe Harbor option.
The 4% Safe Harbor funding amount can be determined through a Grid. This can be accomplished by creating Formula Name (EMPLOYEE - View -Wizards - Formulas) and adding a formula: $RND(CLCOMP*.03;0). By including this formula to the grids "Selected Items" the grid will provide the amount of funding for the 4% QNEC.