FAQ 592: ADP--Gap period earnings-How to calculate

Problem: What do we code on the ADP setup screen to tell the test to calculate gap period earnings?

Solution: On the Corrections Setup screen, enter an Interest Calculation Date that is after the Valuation Date coded in the plan specs. For example, with a 12/31 plan year end, entering 3/15 will calculate gap period earnings from 12/31 to 3/15 based on the 10% safe harbor method outlined in the 401k regs.