Correction of Plan Defects

1,781 topics in this forum

1. VCP filing - keogh plan didn't follow any of the rules

   By kmciver, November 22, 2011
   • 5 replies
   • 2.1k views
   • 
   • jpod
   • November 22, 2011

2. lost earnings calculation on late deposits

   By Guest MHopkins, November 15, 2011
   • 6 replies
   • 4.5k views
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   • ETA Consulting LLC
   • November 15, 2011

3. IRS Challenge of Self-Correction

   By Guest gaham, November 11, 2011
   • 3 replies
   • 1.5k views
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   • Kevin C
   • November 11, 2011

4. Deposit Timing of Prevailing Wage Contributions

   By Guest dossrocks, November 9, 2011
   • 0 replies
   • 2.1k views
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   • Guest
   • November 9, 2011

5. missed participants

   By Guest jc1457, October 17, 2011
   • 1 reply
   • 985 views
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   • Kevin C
   • October 19, 2011

6. FORM 5330 - LATE DEFERRALS

   By ERISA13, July 20, 2010
   • 4 replies
   • 3.3k views
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   • rcline46
   • October 18, 2011

7. Unsigned (DB) Plan document

   By Guest JMH1962, October 12, 2011
   • 4 replies
   • 1.8k views
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   • GMK
   • October 17, 2011

8. late 5330 - de minimis - best way to correct

   By TPApril, October 14, 2011
   • 0 replies
   • 1.5k views
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   • TPApril
   • October 14, 2011

9. deferrals and loan payments remitted late

   By M Norton, October 11, 2011
   • 2 replies
   • 1.5k views
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   • JanetM
   • October 12, 2011

10. Loan defaulted in 2008; termination later in 2008

    By Mr401k, October 7, 2011
    • 2 replies
    • 940 views
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    • Tom Poje
    • October 12, 2011

11. Deferral not taken out of pay for 2010

    By Guest sugar daddy, September 28, 2011
    • 4 replies
    • 1.2k views
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    • Guest
    • October 10, 2011

12. Use of Forfeitures

    By Randy Watson, October 6, 2011
    • 1 reply
    • 1.7k views
    • 
    • John Feldt ERPA CPC QPA
    • October 6, 2011

13. Missed enrollment by a quarter in error

    By CLE401kGuy, October 4, 2011
    • 1 reply
    • 952 views
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    • ETA Consulting LLC
    • October 4, 2011

14. Plan allows an HCE to defer but he is in excluded class

    By jkharvey, September 27, 2011
    • 1 reply
    • 993 views
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    • PensionPro
    • September 27, 2011

15. Wrong Document. For Years

    By ERISAatty, September 23, 2011
    • 2 replies
    • 1.1k views
    • 
    • ERISAatty
    • September 26, 2011

16. HR failed to start deferrals but participant is not newly eligible

    By Guest Jennyb473, September 23, 2011
    • 2 replies
    • 1.7k views
    • 
    • QDROphile
    • September 23, 2011

17. Incorrect Plan Document used

    By rcline46, September 22, 2011
    • 0 replies
    • 922 views
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    • rcline46
    • September 22, 2011

18. Non Amender VCP Submission

    By PensionPro, August 29, 2011
    • 5 replies
    • 1.5k views
    • 
    • PensionPro
    • September 21, 2011

19. Plan A's expenses paid with Plan B's assets

    By Guest BenefitsGal5, October 31, 2010
    • 1 reply
    • 1.2k views
    • 
    • Guest
    • September 20, 2011

20. Late ER Deposit - not worried about Deductibilitly

    By KateSmithPA, September 16, 2011
    • 2 replies
    • 1k views
    • 
    • KateSmithPA
    • September 16, 2011

21. Audit Cap Question

    By Dougsbpc, September 16, 2011
    • 0 replies
    • 1k views
    • 
    • Dougsbpc
    • September 16, 2011

22. Improper Inclusion of HCE in Safe Harbor Nonelective Contribution

    By Guest Ignatius J. Reilly, September 14, 2011
    • 4 replies
    • 1.7k views
    • 
    • Guest
    • September 15, 2011

23. Closing Agreement percentage

    By Anonymoose, September 13, 2011
    • 2 replies
    • 1.3k views
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    • John Feldt ERPA CPC QPA
    • September 13, 2011

24. Employee contributions made to wrong Plan

    By MARYMM, September 9, 2011
    • 1 reply
    • 1.7k views
    • 
    • MARYMM
    • September 13, 2011

25. Highest Performing Fund

    By Guest rush2112, September 12, 2011
    • 1 reply
    • 1.1k views
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    • rcline46
    • September 12, 2011

26. Include failure to file 1099R in VCP application

    By jkharvey, September 8, 2011
    • 1 reply
    • 959 views
    • 
    • QDROphile
    • September 8, 2011

27. Deferral Changes

    By Guest johnpetrancosta, August 22, 2011
    • 2 replies
    • 1.4k views
    • 
    • 12AX7
    • September 3, 2011

28. profit sharing contribution didn't follow document terms

    By K2retire, August 30, 2011
    • 5 replies
    • 1.4k views
    • 
    • ESOP Guy
    • August 31, 2011

29. Overpayment on Distribution...

    By Guest algeis, August 31, 2011
    • 0 replies
    • 1.1k views
    • 
    • Guest
    • August 31, 2011

30. Missed eligible participant

    By Guest jc1457, August 30, 2011
    • 4 replies
    • 1.3k views
    • 
    • Guest
    • August 31, 2011

31. Pay Period Match vs Annual Match

    By Guest Iwonder, March 4, 2011
    • 8 replies
    • 4k views
    • 
    • Guest
    • August 26, 2011

32. "Missed deferral opportunity" - plan allows for correction of ADP by returning the excess

    By taxllm, August 26, 2011
    • 6 replies
    • 3.7k views
    • 
    • taxllm
    • August 26, 2011

33. Manner of distribution to correct previous excess distributions

    By holdco, August 25, 2011
    • 0 replies
    • 987 views
    • 
    • holdco
    • August 25, 2011

34. Inclusion of Ineligible Employees - SCP by Amendment

    By Guest Dressageho, April 9, 2011
    • 9 replies
    • 6.3k views
    • 
    • Guest
    • August 23, 2011

35. Late payment from plan

    By Guest JM123, August 17, 2011
    • 2 replies
    • 1.3k views
    • 
    • Guest
    • August 17, 2011

36. Missed Deferral When Employee Had Knowledge

    By ERISA-Bubs, August 10, 2011
    • 8 replies
    • 3.7k views
    • 
    • Guest
    • August 15, 2011

37. In-Service Distribution Prior to Age 59-1/2

    By TPA Bob, August 10, 2011
    • 2 replies
    • 2.2k views
    • 
    • TPA Bob
    • August 11, 2011

38. Deferral Election Missed

    By Dazednconfused, August 9, 2011
    • 0 replies
    • 1.1k views
    • 
    • Dazednconfused
    • August 9, 2011

39. Improper Automatic Enrollment

    By BTG, August 4, 2011
    • 1 reply
    • 1.3k views
    • 
    • BTG
    • August 9, 2011

40. Money Purchase and 5330

    By AJ North, July 28, 2011
    • 3 replies
    • 1.7k views
    • 
    • DMcGovern
    • August 2, 2011

41. Penalty tax on return of ineligible deferrals

    By BG5150, July 29, 2011
    • 3 replies
    • 3.4k views
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    • TPAMan
    • July 29, 2011

42. Co-owner stole PSP money

    By ERISA13, July 26, 2011
    • 2 replies
    • 1.1k views
    • 
    • ERISA13
    • July 26, 2011

43. SCP - ADP Correction with QNEC

    By Leopurrd, July 20, 2011
    • 5 replies
    • 1.9k views
    • 
    • QNPG
    • July 21, 2011

44. Miscoded Deferrals

    By Dazednconfused, July 13, 2011
    • 1 reply
    • 1.1k views
    • 
    • ETA Consulting LLC
    • July 13, 2011

45. Limiting 401(k) Salary Deferral Contributions

    By AJ North, July 12, 2011
    • 3 replies
    • 1.3k views
    • 
    • AJ North
    • July 13, 2011

46. ethical dilemma

    By K2retire, July 7, 2011
    • 4 replies
    • 1.5k views
    • 
    • david rigby
    • July 9, 2011

47. Exclusion of Employee and 5500 Reporting

    By Guest TPAStacey, July 8, 2011
    • 1 reply
    • 1.1k views
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    • ETA Consulting LLC
    • July 8, 2011

48. SH Match not deposited for 2 years

    By jkharvey, July 7, 2011
    • 1 reply
    • 995 views
    • 
    • Kevin C
    • July 8, 2011

49. Multiemployer MPPP Nondiscrimination Issue

    By luissaha, July 7, 2011
    • 1 reply
    • 892 views
    • 
    • Tom Poje
    • July 8, 2011

50. Oops...someone forgot to cap matching contribution

    By Gudgergirl, December 3, 2010
    • 2 replies
    • 1.7k views
    • 
    • TPApril
    • July 6, 2011