FAQ 661: ACP--Forfeiture of the non-vested portion of the excess aggregate or ATM |
Problem: If I have a forfeiture due to failed ADP/ACP test. How do I post that so that when I run valuation it doesn't disappear? |
Solution: These amounts must be posted as a transfer out or withdrawal in the employee's Account Values (VALUE) screens, as active participants cannot have forfeited amounts. |