Correction of Plan Defects

1,781 topics in this forum

1. IRS has a new position on plan loan interest rate??? Anyone dealt with this?

   By ERISAatty, June 21, 2013   

   • Cryptic VCP comments
   • Was this code?
   • (and 4 more)

     Tagged with:

     • Cryptic VCP comments
     • Was this code?
     • Plan Loan
     • Interest rate
     • prime plus
     • reasonable
   • 36 replies
   • 12k views
   • 
   • ForksnKnives
   • June 27, 2013

2. PS contributions calculated as Corp. not Self employeed

   By Lori H, May 3, 2007
   • 27 replies
   • 6.5k views
   • 
   • Lori H
   • May 17, 2007

3. plan document contains wrong formula

   By wsp, August 5, 2004
   • 26 replies
   • 5.3k views
   • 
   • Blinky the 3-eyed Fish
   • August 11, 2004

4. Company’s hidden 401k program

   By Whop, May 21, 2020
   • 25 replies
   • 2.9k views
   • 
   • Peter Gulia
   • May 26, 2020

5. Lost Documents

   By Guest Thornton, July 29, 2005
   • 24 replies
   • 4.1k views
   • 
   • mbozek
   • August 5, 2005

6. Holding TPA responsible for Top Heavy Error

   By Guest cac1134, April 4, 2007
   • 24 replies
   • 6.8k views
   • 
   • Guest
   • May 15, 2007

7. Impermissible Distribution

   By waid10, March 16, 2010
   • 23 replies
   • 18.6k views
   • 
   • Bird
   • April 27, 2021

8. Exclusion of eligible employees in small employer plan

   By Guest rfemmons, February 28, 2005
   • 22 replies
   • 2.8k views
   • 
   • jquazza
   • March 12, 2005

9. Money Purchase Plan- No QJSA Notices Given

   By mal, July 9, 2007
   • 20 replies
   • 7k views
   • 
   • ak2ary
   • January 28, 2008

10. DOL Overreach - VFCP! Threatening letters?!

    By justanotheradmin, June 15, 2018   

    • late deposits
    • enforcement action
    • (and 2 more)

      Tagged with:

      • late deposits
      • enforcement action
      • dol
      • vfcp
    • 18 replies
    • 4.2k views
    • 
    • AKowalski
    • November 1, 2019

11. Return of Overpayments under EPCRS

    By jlea, September 22, 2008
    • 17 replies
    • 3.9k views
    • 
    • jlea
    • October 1, 2008

12. Allocation Conditions

    By MarZDoates, April 20, 2018
    • 17 replies
    • 2.8k views
    • 
    • ACK
    • May 18, 2018

13. How far back?

    By jpod, January 12, 2015
    • 16 replies
    • 7.5k views
    • 
    • 401 Chaos
    • August 6, 2021

14. Participant's Lie Results in No Spousal Consent

    By Scott, February 26, 2003
    • 15 replies
    • 6.2k views
    • 
    • mbozek
    • February 27, 2003

15. Correcting impermissible adoption of governmental 401(k) plan

    By Carol V. Calhoun, October 24, 2018
    • 15 replies
    • 2.4k views
    • 
    • BTG
    • September 21, 2020

16. Mistake of Fact

    By Guest pjrieck, March 27, 2002
    • 15 replies
    • 10.1k views
    • 
    • Appleby
    • May 10, 2005

17. RMD took too much

    By ESOP Guy, January 31, 2012
    • 15 replies
    • 6.2k views
    • 
    • Guest
    • February 23, 2012

18. Late Interim Amendment

    By jpod, January 6, 2016
    • 14 replies
    • 1.6k views
    • 
    • Kevin C
    • January 8, 2016

19. Is this a document or operational failure?

    By pam@bbm, June 17, 2019
    • 14 replies
    • 2.8k views
    • 
    • LANDO
    • June 20, 2019

20. Failure to comply with salary reduction elections

    By Guest MarkN, March 29, 2004
    • 14 replies
    • 2.2k views
    • 
    • Guest
    • May 4, 2004

21. Please help - plan disqualification

    By Guest jeffschnepper@hotmail.com, June 5, 2014   

    • plan disqualification
    • 14 replies
    • 2.5k views
    • 
    • Kevin C
    • June 6, 2014

22. Hardship Proof

    By Guest lindamichals, September 19, 2008
    • 14 replies
    • 5.8k views
    • 
    • Guest
    • September 24, 2008

23. Failure to amend for PPA

    By Gudgergirl, March 11, 2010
    • 14 replies
    • 5.2k views
    • 
    • Trekker
    • April 1, 2011

24. Remedial amendment period ?

    By Moe Howard, April 18, 2011
    • 14 replies
    • 4.4k views
    • 
    • Moe Howard
    • April 20, 2011

25. Adoption of plan by new controlled group member = "plan amendment" under 1.401(a)(4)-11(g)?

    By Luke Bailey, July 31, 2021
    • 14 replies
    • 1.6k views
    • 
    • Mike Preston
    • August 3, 2021

26. IRS Whistleblower Informs ARA of Change that Could Doom Voluntary Corrections

    By RatherBeGolfing, February 25, 2020
    • 13 replies
    • 1.7k views
    • 
    • C. B. Zeller
    • March 2, 2020

27. Ineligible Employee Deferrals/Match to be corrected by Plan Amendment

    By Sully, June 12, 2013
    • 13 replies
    • 3.2k views
    • 
    • Sully
    • June 17, 2013

28. Must a plan pay a corrective distribution of $0.04?

    By Peter Gulia, March 3, 2020   

    • excess deferral
    • 13 replies
    • 2.1k views
    • 
    • Mike Preston
    • March 5, 2020

29. Calculating Losses on Missed Deferrals

    By Guest BuckyBadger, March 30, 2009
    • 13 replies
    • 6.7k views
    • 
    • PJ2009
    • April 3, 2009

30. VCP Processing grinding to a halt?

    By shERPA, April 10, 2019
    • 13 replies
    • 2.2k views
    • 
    • Flyboyjohn
    • June 29, 2019

31. returning elective deferrals over plan limit

    By Beemer, January 9, 2007
    • 13 replies
    • 2.4k views
    • 
    • Beemer
    • January 11, 2007

32. De minimus on corrective contribution?

    By BG5150, December 3, 2008
    • 13 replies
    • 14k views
    • 
    • ERISAatty
    • October 3, 2012

33. Missed deferral (but not really)

    By MoShawn, April 12, 2013
    • 13 replies
    • 2.7k views
    • 
    • Belgarath
    • April 18, 2013

34. Mistaken contribution

    By PLHart, June 24, 2019
    • 13 replies
    • 2.3k views
    • 
    • Ilene Ferenczy
    • June 26, 2019

35. Participant refuses to take prohibited assets out of his account

    By Trekker, January 24, 2013
    • 13 replies
    • 1.5k views
    • 
    • Kevin C
    • January 25, 2013

36. ADP failure back to 2001

    By K-t-F, May 1, 2006
    • 13 replies
    • 2.6k views
    • 
    • K-t-F
    • May 11, 2006

37. QSLOB "testing" frequency?

    By Guest beppie_stark, July 18, 2005
    • 12 replies
    • 4.8k views
    • 
    • Guest
    • July 29, 2005

38. Non Amender VCP

    By Scuba 401, May 24, 2010
    • 12 replies
    • 4.6k views
    • 
    • Guest
    • March 31, 2011

39. Late Plan Contributions and DOL VFCP?

    By Ananda, February 15, 2022
    • 12 replies
    • 1.8k views
    • 
    • Ananda
    • February 28, 2022

40. unsigned plan document or amendments

    By k man, April 11, 2006
    • 12 replies
    • 5.6k views
    • 
    • k man
    • May 1, 2006

41. Owner's Spouse with no compensation maximized 2019 deferrals

    By Towanda, January 10, 2020
    • 12 replies
    • 861 views
    • 
    • Mike Preston
    • January 14, 2020

42. distribution overpayment

    By Guest GENE, May 2, 2000
    • 12 replies
    • 5.1k views
    • 
    • pjkoehler
    • May 12, 2000

43. VFCP - late deposit of deferrals

    By Belgarath, October 27, 2021
    • 12 replies
    • 1.7k views
    • 
    • MoJo
    • October 28, 2021

44. Impermissible in-service withdrawal

    By Belgarath, January 13, 2022
    • 12 replies
    • 1.6k views
    • 
    • Belgarath
    • January 18, 2022

45. Missed deferral correction for participants who have terminated

    By Belgarath, December 15, 2015
    • 12 replies
    • 8.5k views
    • 
    • legort69
    • August 21, 2020

46. record keeper issue

    By K2retire, October 18, 2013
    • 12 replies
    • 2.6k views
    • 
    • Kevin C
    • November 6, 2013

47. Unallocated forfeitures

    By 30Rock, April 20, 2010
    • 12 replies
    • 9.5k views
    • 
    • Guest
    • May 24, 2010

48. mistake of fact ER deposit

    By Santo Gold, July 10, 2008
    • 12 replies
    • 8.8k views
    • 
    • Belgarath
    • May 10, 2012

49. Loan Repayment of Deemed Loan

    By Gilmore, March 19, 2018
    • 12 replies
    • 2.3k views
    • 
    • Gilmore
    • March 26, 2018

50. Person has no document

    By Earl, August 18, 2016
    • 11 replies
    • 1.5k views
    • 
    • Fully Vested
    • December 29, 2016