Correction of Plan Defects

1,781 topics in this forum

1. Payroll vendor missed a deferral/match. Employer "fixed" it by doubling up on future payroll

   By kwalified, March 31, 2015
   • 3 replies
   • 1.2k views
   • 
   • Kevin C
   • April 1, 2015

2. Error in Amount of Comp Paid Resulting In Extra Deferrals

   By SycamoreFan, April 1, 2015
   • 2 replies
   • 1k views
   • 
   • Kevin C
   • April 1, 2015

3. What fiduciary liability if plan sponsor allows IRS to disqualify the plan

   By jkharvey, March 31, 2015
   • 3 replies
   • 1.1k views
   • 
   • david rigby
   • March 31, 2015

4. How does the IRS "disallow" the deduction?

   By Bri, March 30, 2015
   • 3 replies
   • 1.5k views
   • 
   • Mike Preston
   • March 31, 2015

5. Audit CAP - Calculation of "Maximum Payment Amount" for DB Plan

   By Übernerd, March 24, 2015
   • 4 replies
   • 2.1k views
   • 
   • Übernerd
   • March 27, 2015

6. 401(k) with safe harbor match makes QNEC for missed defferal opportunity

   By jkharvey, March 24, 2015
   • 1 reply
   • 1.4k views
   • 
   • Kevin C
   • March 26, 2015

7. VCP Plan Loan Correction - Meaning of Term "Rate of Return under the Plan."

   By rocknrolls2, March 20, 2015
   • 2 replies
   • 1.2k views
   • 
   • hr for me
   • March 20, 2015

8. Correction for "brief period" improper exclusion

   By Belgarath, March 18, 2015
   • 5 replies
   • 1.6k views
   • 
   • Kevin C
   • March 18, 2015

9. A Profit Sharing Plan-Once a year valuation

   By Penpack, March 9, 2015
   • 3 replies
   • 1.4k views
   • 
   • Penpack
   • March 10, 2015

10. Early inclusion into 401(k)

    By BG5150, March 4, 2015
    • 6 replies
    • 1.3k views
    • 
    • Lou S.
    • March 5, 2015

11. Profit sharing contribution deposited, but plan doesn't allow

    By AndrewZ, February 24, 2015
    • 8 replies
    • 2.1k views
    • 
    • AndrewZ
    • March 3, 2015

12. Plan Loan Corrections

    By rocknrolls2, March 3, 2015
    • 0 replies
    • 939 views
    • 
    • rocknrolls2
    • March 3, 2015

13. Incorrect mandatory contributions - DB plan

    By JJRetirement, January 22, 2015   

    • compensation
    • governmental plan
    • (and 1 more)

      Tagged with:

      • compensation
      • governmental plan
      • EPCRS
    • 3 replies
    • 1.9k views
    • 
    • JJRetirement
    • February 23, 2015

14. VCP for missed RMDs

    By shERPA, February 12, 2015   

    • 13 years worth
    • 5 replies
    • 2k views
    • 
    • cathyw
    • February 23, 2015

15. SIMPLE IRA match did not account for 401(a) 17

    By kwalified, February 20, 2015
    • 1 reply
    • 856 views
    • 
    • Belgarath
    • February 20, 2015

16. 2 basic errors..correction options

    By Draper55, February 17, 2015
    • 7 replies
    • 1.6k views
    • 
    • QDROphile
    • February 18, 2015

17. EPCRS and VFVP?

    By sbutler, February 13, 2015
    • 1 reply
    • 1k views
    • 
    • QDROphile
    • February 13, 2015

18. Fixing Missed Interims with PPA Restatement and VCP

    By Flyboyjohn, February 2, 2015
    • 2 replies
    • 1.8k views
    • 
    • ETA Consulting LLC
    • February 3, 2015

19. Are corrective ER contributions subject to earnings

    By 401_noob, January 23, 2015
    • 0 replies
    • 881 views
    • 
    • 401_noob
    • January 23, 2015

20. How to correct for Affiliated Employers Failure to adopt 401(k) plan of Parent Company?

    By Guest benefitsnewbie, July 18, 2012
    • 6 replies
    • 4.5k views
    • 
    • austin3515
    • January 21, 2015

21. Missed deferral opportunity - how to correct before ADP is known?

    By Trekker, January 21, 2015
    • 1 reply
    • 1.2k views
    • 
    • Lou S.
    • January 21, 2015

22. Overpayment of loan--ok to send back to ER?

    By BG5150, January 20, 2015
    • 1 reply
    • 939 views
    • 
    • Lou S.
    • January 20, 2015

23. Certain Employers Should Not Have Been Part of Controlled Group

    By JH1, January 16, 2015
    • 1 reply
    • 1.2k views
    • 
    • Kevin C
    • January 16, 2015

24. Late Deferrals - Form 5330

    By Buckoosier, January 9, 2015
    • 3 replies
    • 1.3k views
    • 
    • Buckoosier
    • January 9, 2015

25. Audit CAP fees for unsigned merged plan submitted for determination letter

    By britoski, December 29, 2014
    • 5 replies
    • 1.6k views
    • 
    • britoski
    • January 6, 2015

26. Definition of "corrective distribution" under EPCRS

    By britoski, December 23, 2014
    • 5 replies
    • 3.7k views
    • 
    • britoski
    • December 29, 2014

27. Failure to Take RMD After Five Years - Excise Tax?

    By EBECatty, December 23, 2014
    • 1 reply
    • 1.2k views
    • 
    • Tom Poje
    • December 29, 2014

28. Plan Termination with Assets, problems and wants to start new plan

    By pixmax, December 17, 2014
    • 3 replies
    • 945 views
    • 
    • John Feldt ERPA CPC QPA
    • December 18, 2014

29. Plan excludes Union employees, but one division goofed and has allowed union to defer

    By jkharvey, December 18, 2014
    • 0 replies
    • 804 views
    • 
    • jkharvey
    • December 18, 2014

30. Plan Amendment not executed but client followed "Updated" SPD

    By Guest wickedp1, November 15, 2014   

    • SPD
    • EPCRS
    • (and 2 more)

      Tagged with:

      • SPD
      • EPCRS
      • Plan Defects
      • Retroactive Amendments
    • 3 replies
    • 2k views
    • 
    • jpod
    • December 16, 2014

31. Do ALL Plan Loan Errors Have to be Corrected Through VCP?

    By ERISA-Bubs, October 6, 2014
    • 4 replies
    • 1.6k views
    • 
    • BW
    • December 16, 2014

32. ADP refunds processed after 12-month deadline

    By Guest TaxedToDeath, April 15, 2014
    • 4 replies
    • 2.9k views
    • 
    • Guest
    • November 19, 2014

33. How Do I Classify Loan Payments

    By ERISA-Bubs, October 15, 2014
    • 3 replies
    • 1.3k views
    • 
    • Lou S.
    • October 15, 2014

34. Deduction for missed contributions incorrectly excluded employees

    By pompton, October 10, 2014
    • 1 reply
    • 1.1k views
    • 
    • Lou S.
    • October 13, 2014

35. Can VCP fees be paid from plan assets?

    By Flyboyjohn, October 10, 2014
    • 2 replies
    • 2.8k views
    • 
    • ETA Consulting LLC
    • October 11, 2014

36. Correcting Plan Loan With Term in Excess of Plan's Term Limit

    By 401 Chaos, September 26, 2012
    • 11 replies
    • 1.9k views
    • 
    • BG5150
    • October 8, 2014

37. Sponsor to contribute "missed earnings" but no late contributions occurred

    By John Feldt ERPA CPC QPA, October 3, 2014
    • 2 replies
    • 1.1k views
    • 
    • Bird
    • October 6, 2014

38. Plan Loans: How to figure deemed distribution and remaining loan balance?

    By GrammieMame, October 2, 2014
    • 8 replies
    • 1.2k views
    • 
    • Bird
    • October 3, 2014

39. SCP & Retro Amendment

    By Susan S., September 29, 2014
    • 2 replies
    • 1.8k views
    • 
    • Kevin C
    • September 30, 2014

40. Late 401(k) contributions

    By R. Butler, September 26, 2014
    • 2 replies
    • 1.3k views
    • 
    • Guest
    • September 26, 2014

41. Deferrals taken from ineligible source of compensation

    By BG5150, September 26, 2014
    • 1 reply
    • 1.8k views
    • 
    • QDROphile
    • September 26, 2014

42. Closing Agreement Reports

    By PJF414, September 18, 2014   

    • Plan Corrections
    • 4 replies
    • 1k views
    • 
    • Peter Gulia
    • September 25, 2014

43. Question regarding make up deferral/match

    By Lori H, September 23, 2014
    • 2 replies
    • 928 views
    • 
    • Lori H
    • September 23, 2014

44. Extra Loan Payment

    By Dougsbpc, September 18, 2014
    • 2 replies
    • 986 views
    • 
    • BG5150
    • September 19, 2014

45. Calculation of Highest Performing Fund - Late Deferral Self Correction

    By Guest wickedp1, August 28, 2014   

    • Late Deferrals
    • SCP
    • 2 replies
    • 1.9k views
    • 
    • Guest
    • September 12, 2014

46. Can Erisa Budget be used for VCP expenses?

    By khn, August 28, 2014
    • 1 reply
    • 1.6k views
    • 
    • Peter Gulia
    • August 28, 2014

47. "Overpayment"

    By Fielding Mellish, August 14, 2014
    • 1 reply
    • 1.6k views
    • 
    • John Feldt ERPA CPC QPA
    • August 14, 2014

48. Single VCP filing for multiple plans?

    By Lame Duck, July 24, 2014
    • 3 replies
    • 1.5k views
    • 
    • Kevin C
    • July 30, 2014

49. 5330 Amount Involved

    By Flyboyjohn, July 29, 2014
    • 0 replies
    • 937 views
    • 
    • Flyboyjohn
    • July 29, 2014

50. IRS statistics on plan disqualification

    By Flyboyjohn, July 29, 2014
    • 10 replies
    • 1.9k views
    • 
    • jstorch
    • July 29, 2014