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Where can I find quarterly contributions in the system and how are they calculated?
- Quarterly contributions can be found in the Plan Cost section via the following path:
- DB Compliance Tasks > Plan Costs > Plan Costs
- Quarterly contributions are calculated if the following criteria are met:
- If the plan year in use is not the first plan year AND the prior year FTAP is <100%
- The formula to calculate quarterly contributions is:
- 25% x [lesser of (90% of current year’s minimum required contribution OR 100% of prior year’s minimum required contribution)]