Current Period Allocation Method. Under the current period allocation method, the portion of the earnings amount attributable to the valuation period during which the period of the failure begins ("first partial valuation period") is allocated in the same manner as earnings for the valuation period during which the corrective contribution or allocation is made in accordance section 3.01(4)(b). The earnings for the subsequent full valuation periods ending before the beginning of the valuation period during which the corrective contribution or allocation is made are allocated solely to the employee for whom the required contribution should have been made. The earnings amount for the valuation period during which the corrective contribution or allocation is made ("second partial valuation period") is allocated in accordance with the plan□s method for allocating other earnings for that valuation period in accordance with section 3.01(4)(b). (See Example 26.)
Current Period Allocation Method. Under the current period allocation method, the portion of the earnings amount attributable to the valuation period during which the period of the failure begins (“first partial valuation period”) is allo- cated in the same manner as earnings for the valuation period during which the cor- rective contribution or allocation is made in accordance section 3.01(4)(b). The earnings for the subsequent full valuation periods ending before the beginning of the valuation period during which the correc- tive contribution or allocation is made are allocated solely to the employee for whom the required contribution should have been made. The earnings amount for the valua- tion period during which the corrective contribution or allocation is made (“second partial valuation period”) is allocated in ac- cordance with the plan’s method for allo- cating other earnings for that valuation pe- riod in accordance with section 3.01(4)(b). (See Example 25.)
Current Period Allocation Method. Under the current period alloca- tion method, the portion of the earnings amount attributable to the valuation period during which the period of the fail- ure begins (“first partial valuation period”) is allocated in the same manner as earnings for the valuation period dur- ing which the corrective contribution or allocation is made in accordance section 3.01(4)(b). The earnings for the subse- quent full valuation periods ending before the beginning of the valuation period dur- ing which the corrective contribution or allocation is made are allocated solely to the employee for whom the required con- tribution should have been made. The earnings amount for the valuation period during which the corrective contribution or allocation is made (“second partial valuation period”) is allocated in accor- dance with the plan’s method for allocat- ing other earnings for that valuation period in accordance with section 3.01(4)(b). (See Example 26.)
