FAILING THE ADP TEST
01.Core Concepts
1. Corrective Distributions • Decreases ADP of HC 2. Recharacterization • Decreases ADP of HC 3. Qualified Non-elective contributions (QNEC) • Increases ADP of NHC • 100% vested 4. Qualified matching contributions (QMC) • Increases ADP of NHC • 100% vested