Correction of Plan Defects

1,793 topics in this forum

1. Assets that remain in the trust after all distributions have been paid

   By Guest CLS, February 20, 2001
   • 0 replies
   • 1.5k views
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   • Guest
   • February 20, 2001

2. Delinquent Refund of Excess Deferrals Related To Failed ADP

   By Guest Peter Riggins, February 15, 2001
   • 2 replies
   • 1.9k views
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   • Guest
   • February 16, 2001

3. Delinquent Deposit of Participant Contributions

   By Guest lforesz, February 5, 2001
   • 0 replies
   • 1.8k views
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   • Guest
   • February 5, 2001

4. Money Purchase Plan - Funding deficiency for years and years

   By Guest boberlander, February 1, 2001
   • 3 replies
   • 2.1k views
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   • richard
   • February 3, 2001

5. Ineligible employee makes elective deferrals

   By jkharvey, January 23, 2001
   • 5 replies
   • 3.8k views
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   • John A
   • February 2, 2001

6. Gee, I wish the client told me before doing this!

   By richard, January 30, 2001
   • 1 reply
   • 1.7k views
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   • Kirk Maldonado
   • January 30, 2001

7. Availability of Walk-In Cap

   By chris, January 15, 2001
   • 4 replies
   • 1.9k views
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   • chris
   • January 26, 2001

8. Walk In CAP Issue Retroactive amendment v. operational failure

   By Guest PALAWYER, January 25, 2001
   • 1 reply
   • 1.6k views
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   • Guest
   • January 25, 2001

9. Correcting Failure to Follow Plan Terms Error By Transferring to Non-Q

   By Guest smithee, January 19, 2001
   • 0 replies
   • 1.5k views
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   • Guest
   • January 19, 2001

10. Controlled Group and Standardized Adoption Agreements

    By PMC, January 11, 2001
    • 1 reply
    • 1.7k views
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    • KJohnson
    • January 12, 2001

11. Determination of Two Year Correction Period Under APRSC for Errors Occ

    By Guest DMK, January 10, 2001
    • 3 replies
    • 1.6k views
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    • Guest
    • January 10, 2001

12. 401(k) Payout to Participant Not Terminated

    By lkpittman, January 9, 2001
    • 4 replies
    • 2.5k views
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    • lkpittman
    • January 9, 2001

13. Correction for distributions greater than Minimum Required Distributio

    By John A, December 27, 2000
    • 1 reply
    • 1.5k views
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    • rcline46
    • December 28, 2000

14. How to correct improper hardship distributions - a wrinkle not previou

    By JDuns, December 21, 2000
    • 2 replies
    • 2.4k views
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    • JDuns
    • December 21, 2000

15. minimum funding penalties

    By Guest JBeck, December 21, 2000
    • 0 replies
    • 1.4k views
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    • Guest
    • December 21, 2000

16. Correction Methods for Excess Deferrals

    By Guest gaham, December 20, 2000
    • 1 reply
    • 1.6k views
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    • R. Butler
    • December 20, 2000

17. SVP filing for participant excluded for 15 years.

    By R. Butler, December 5, 2000
    • 1 reply
    • 1.5k views
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    • chris
    • December 14, 2000

18. Reclassification of Descretionary Employer Profit Sharing Contribution

    By Guest Emiliano, December 12, 2000
    • 1 reply
    • 1.9k views
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    • Dave Baker
    • December 13, 2000

19. QNEC to a HCE over and above his Salary Deferral Limit of $10,500

    By Guest UKH, December 11, 2000
    • 1 reply
    • 1.7k views
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    • Alf
    • December 11, 2000

20. S corp shareholder takes participant loan

    By Dawn Hafner, May 8, 2000
    • 6 replies
    • 2.2k views
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    • Guest
    • December 9, 2000

21. Reversion of Plan Assets

    By Guest SBlack, December 5, 2000
    • 0 replies
    • 2k views
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    • Guest
    • December 5, 2000

22. Inclusion of illegal aliens

    By PMC, November 30, 2000
    • 1 reply
    • 1.6k views
    • 
    • rcline46
    • December 1, 2000

23. Is it a plan defect to use a cash basis rather than an accrual basis t

    By John A, November 28, 2000
    • 3 replies
    • 1.8k views
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    • Guest
    • November 29, 2000

24. One man DB, non amender, no contributions since 1990, deceased w/o ben

    By Guest John Dunwoody, November 29, 2000
    • 0 replies
    • 1.4k views
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    • Guest
    • November 29, 2000

25. which comes first, the chicken or the egg?

    By Guest, November 15, 2000
    • 8 replies
    • 2.2k views
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    • Greg Judd
    • November 17, 2000

26. Deductibility of corrective contributions for a prior plan year

    By Guest BBrew, November 17, 2000
    • 0 replies
    • 1.8k views
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    • Guest
    • November 17, 2000

27. IRS flexibility for alternative corrections under VCR -excluded eligib

    By Guest Jordan, November 15, 2000
    • 1 reply
    • 1.6k views
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    • Kirk Maldonado
    • November 15, 2000

28. Correction for all plan years; Exceptions?

    By JWK, November 15, 2000
    • 0 replies
    • 1.6k views
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    • JWK
    • November 15, 2000

29. Correction of forfeitures

    By Guest VAP, November 14, 2000
    • 0 replies
    • 1.6k views
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    • Guest
    • November 14, 2000

30. Sponsor's money commingled with plan assets in brokerage account

    By Guest, October 11, 2000
    • 1 reply
    • 1.7k views
    • 
    • JohnCheek
    • November 2, 2000

31. Use of plan funds to pay sanction under correction program and attorne

    By Guest Jae, October 23, 2000
    • 1 reply
    • 1.6k views
    • 
    • Kirk Maldonado
    • October 23, 2000

32. Correction for excluding an eligible employee from a safe-harbor 401(k

    By John A, October 18, 2000
    • 5 replies
    • 2.2k views
    • 
    • R. Butler
    • October 19, 2000

33. Taxes on employee when he has to return funds to plan from which rollo

    By Guest chg, October 3, 2000
    • 0 replies
    • 1.6k views
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    • Guest
    • October 3, 2000

34. Premature distribution to NHCE, loan? hardship? No paperwork. APRSC, V

    By Guest John Dunwoody, March 28, 2000
    • 2 replies
    • 1.7k views
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    • R. Butler
    • September 20, 2000

35. Exclusion of eligible employee

    By R. Butler, September 13, 2000
    • 0 replies
    • 1.6k views
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    • R. Butler
    • September 13, 2000

36. Retroactive modification of standardized prototype plan to avoid inclu

    By traveler, August 28, 2000
    • 2 replies
    • 1.7k views
    • 
    • KJohnson
    • September 8, 2000

37. Erroneous 401(k) Distribution Collection

    By Guest Shanna Patterson, September 7, 2000
    • 0 replies
    • 1.8k views
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    • Guest
    • September 7, 2000

38. How to correct a fiduciary breach?

    By Richard Anderson, September 1, 2000
    • 0 replies
    • 1.6k views
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    • Richard Anderson
    • September 1, 2000

39. Some employees of Company A were participants in Plan B, which offered

    By Guest Winter, August 31, 2000
    • 2 replies
    • 1.5k views
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    • Guest
    • September 1, 2000

40. Double Discretion and §1.401-1(a)

    By Guest MFuentes, August 7, 2000
    • 3 replies
    • 1.7k views
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    • Richard Anderson
    • August 24, 2000

41. Failure to make contribution for employees in controlled company.

    By Guest, August 23, 2000
    • 1 reply
    • 1.6k views
    • 
    • Guest
    • August 23, 2000

42. Incorrect Compensation Used - Need Solutions to Fix

    By Guest SPollock, August 4, 2000
    • 2 replies
    • 2k views
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    • John A
    • August 4, 2000

43. 403(b): TVC appopriate?

    By k man, July 25, 2000
    • 0 replies
    • 1.5k views
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    • k man
    • July 25, 2000

44. Correction for excluding a portion of compensation when doing 401(k) d

    By John A, July 25, 2000
    • 0 replies
    • 1.5k views
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    • John A
    • July 25, 2000

45. How does a plan sponsor enter into "John Doe" discussions ab

    By k man, July 17, 2000
    • 1 reply
    • 1.7k views
    • 
    • Guest
    • July 17, 2000

46. Correction of exclusion of eligible HCE from 401(k) Plan when no other

    By Guest CTYSON, June 5, 2000
    • 1 reply
    • 1.7k views
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    • Richard Anderson
    • June 22, 2000

47. improper distribution

    By Guest kurt johansen, June 15, 2000
    • 0 replies
    • 1.7k views
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    • Guest
    • June 15, 2000

48. VCR fee - one fee for multiple failures based only on numbers on most

    By John A, June 8, 2000
    • 0 replies
    • 1.9k views
    • 
    • John A
    • June 8, 2000

49. 401(k) - correction for deferrals before eligible

    By richard, May 22, 2000
    • 0 replies
    • 1.9k views
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    • richard
    • May 22, 2000

50. Plan sponsor deposit funds from prior recordkeeper to own account

    By Guest NLough, May 19, 2000
    • 0 replies
    • 1.6k views
    • 
    • Guest
    • May 19, 2000