At the end of the year or the beginning of the next year, you should refigure your MAC based on your actual compensation and actual contributions made to your account.

If the actual contributions to your account are greater than your MAC, you have excess contributions.

Worksheet 6. Calculation of Excess 403(b) Contributions for 2001, can be used to figure the amount, if any, of excess contributions and help you identify the type of excess contribution. Worksheet 6 is in chapter 13.

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