Correction of Plan Defects

1,789 topics in this forum

1. missed deferral opportunity for rehire

   By Lori H, May 12, 2015
   • 2 replies
   • 1.3k views
   • 
   • Lori H
   • May 12, 2015

2. VCP and Non Amender

   By jeff77, May 7, 2015
   • 2 replies
   • 1.2k views
   • 
   • Peter Gulia
   • May 8, 2015

3. Hardship issued with no provision

   By Lori H, April 29, 2015
   • 2 replies
   • 1.1k views
   • 
   • Kevin C
   • April 29, 2015

4. Loan VCP After Deemed Distribution

   By Gruegen, April 16, 2015
   • 3 replies
   • 2k views
   • 
   • Belgarath
   • April 17, 2015

5. Rev. Proc. 2015-27

   By Belgarath, April 13, 2015
   • 2 replies
   • 1.8k views
   • 
   • Belgarath
   • April 13, 2015

6. SCP restrictions for SEP's and SIMPLE-IRA's

   By Belgarath, April 9, 2015
   • 0 replies
   • 890 views
   • 
   • Belgarath
   • April 9, 2015

7. Missed RMD and VCP fee

   By cathyw, April 6, 2015
   • 0 replies
   • 1.4k views
   • 
   • cathyw
   • April 6, 2015

8. Ineligible EE Allowed to Defer – Is Corrective Amendment Allowed

   By Rob P, April 2, 2015
   • 0 replies
   • 1k views
   • 
   • Rob P
   • April 2, 2015

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

   By kwalified, March 31, 2015
   • 3 replies
   • 1.3k views
   • 
   • Kevin C
   • April 1, 2015

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

    By SycamoreFan, April 1, 2015
    • 2 replies
    • 1.1k views
    • 
    • Kevin C
    • April 1, 2015

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

    By jkharvey, March 31, 2015
    • 3 replies
    • 1.2k views
    • 
    • david rigby
    • March 31, 2015

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

    By Bri, March 30, 2015
    • 3 replies
    • 1.6k views
    • 
    • Mike Preston
    • March 31, 2015

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

    By Übernerd, March 24, 2015
    • 4 replies
    • 2.2k views
    • 
    • Übernerd
    • March 27, 2015

14. 401(k) with safe harbor match makes QNEC for missed defferal opportunity

    By jkharvey, March 24, 2015
    • 1 reply
    • 1.5k views
    • 
    • Kevin C
    • March 26, 2015

15. 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

16. Correction for "brief period" improper exclusion

    By Belgarath, March 18, 2015
    • 5 replies
    • 1.7k views
    • 
    • Kevin C
    • March 18, 2015

17. A Profit Sharing Plan-Once a year valuation

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

18. Early inclusion into 401(k)

    By BG5150, March 4, 2015
    • 6 replies
    • 1.4k views
    • 
    • Lou S.
    • March 5, 2015

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

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

20. Plan Loan Corrections

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

21. Incorrect mandatory contributions - DB plan

    By JJRetirement, January 22, 2015   

    • compensation
    • governmental plan
    • (and 1 more)

      Tagged with:

      • compensation
      • governmental plan
      • EPCRS
    • 3 replies
    • 2k views
    • 
    • JJRetirement
    • February 23, 2015

22. VCP for missed RMDs

    By shERPA, February 12, 2015   

    • 13 years worth
    • 5 replies
    • 2.1k views
    • 
    • cathyw
    • February 23, 2015

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

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

24. 2 basic errors..correction options

    By Draper55, February 17, 2015
    • 7 replies
    • 1.7k views
    • 
    • QDROphile
    • February 18, 2015

25. EPCRS and VFVP?

    By sbutler, February 13, 2015
    • 1 reply
    • 1.1k views
    • 
    • QDROphile
    • February 13, 2015

26. Fixing Missed Interims with PPA Restatement and VCP

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

27. Are corrective ER contributions subject to earnings

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

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

    By Guest benefitsnewbie, July 18, 2012
    • 6 replies
    • 4.6k views
    • 
    • austin3515
    • January 21, 2015

29. 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

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

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

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

    By JH1, January 16, 2015
    • 1 reply
    • 1.3k views
    • 
    • Kevin C
    • January 16, 2015

32. Late Deferrals - Form 5330

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

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

    By britoski, December 29, 2014
    • 5 replies
    • 1.7k views
    • 
    • britoski
    • January 6, 2015

34. Definition of "corrective distribution" under EPCRS

    By britoski, December 23, 2014
    • 5 replies
    • 3.9k views
    • 
    • britoski
    • December 29, 2014

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

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

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

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

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

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

38. 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
    • 2.1k views
    • 
    • jpod
    • December 16, 2014

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

    By ERISA-Bubs, October 6, 2014
    • 4 replies
    • 1.7k views
    • 
    • BW
    • December 16, 2014

40. ADP refunds processed after 12-month deadline

    By Guest TaxedToDeath, April 15, 2014
    • 4 replies
    • 3k views
    • 
    • Guest
    • November 19, 2014

41. How Do I Classify Loan Payments

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

42. Deduction for missed contributions incorrectly excluded employees

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

43. Can VCP fees be paid from plan assets?

    By Flyboyjohn, October 10, 2014
    • 2 replies
    • 2.9k views
    • 
    • ETA Consulting LLC
    • October 11, 2014

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

    By 401 Chaos, September 26, 2012
    • 11 replies
    • 2.1k views
    • 
    • BG5150
    • October 8, 2014

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

    By John Feldt ERPA CPC QPA, October 3, 2014
    • 2 replies
    • 1.2k views
    • 
    • Bird
    • October 6, 2014

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

    By GrammieMame, October 2, 2014
    • 8 replies
    • 1.4k views
    • 
    • Bird
    • October 3, 2014

47. SCP & Retro Amendment

    By Susan S., September 29, 2014
    • 2 replies
    • 1.9k views
    • 
    • Kevin C
    • September 30, 2014

48. Late 401(k) contributions

    By R. Butler, September 26, 2014
    • 2 replies
    • 1.4k views
    • 
    • Guest
    • September 26, 2014

49. Deferrals taken from ineligible source of compensation

    By BG5150, September 26, 2014
    • 1 reply
    • 1.9k views
    • 
    • QDROphile
    • September 26, 2014

50. Closing Agreement Reports

    By PJF414, September 18, 2014   

    • Plan Corrections
    • 4 replies
    • 1.1k views
    • 
    • Peter Gulia
    • September 25, 2014