Correction of Plan Defects

1,781 topics in this forum

1. Participant took “COVID” distribution in excess of $100,000 limit.

   By MarZDoates, April 5, 2021
   • 4 replies
   • 818 views
   • 
   • MarZDoates
   • April 8, 2021

2. Early inclusion of ineligible employee

   By Dougsbpc, March 7, 2021
   • 2 replies
   • 655 views
   • 
   • Lou S.
   • March 11, 2021

3. compensation not capped; match calc'd on excess comp

   By TPAnnie, March 2, 2021
   • 2 replies
   • 959 views
   • 
   • TPAnnie
   • March 2, 2021

4. Payment of DB Plan Benefits out of Corporate Assets (wrong account)

   By EBECAttorney, February 25, 2021
   • 7 replies
   • 1.2k views
   • 
   • acm_acm
   • March 1, 2021

5. Extension of Special Rule for Auto Enrollment Plans

   By austin3515, January 18, 2021
   • 4 replies
   • 1.1k views
   • 
   • austin3515
   • February 3, 2021

6. Filing VCPs for clients

   By Cindy, January 22, 2021
   • 5 replies
   • 995 views
   • 
   • Peter Gulia
   • January 27, 2021

7. ECPRS / Gains Adjustments for over-deposits

   By austin3515, January 11, 2021
   • 4 replies
   • 1k views
   • 
   • Luke Bailey
   • January 13, 2021

8. EPCRS--missed deferral opportunity based on ADP test

   By FORMER ESQ., January 9, 2021
   • 2 replies
   • 1.3k views
   • 
   • BG5150
   • January 11, 2021

9. vcp question

   By Scuba 401, January 8, 2021
   • 2 replies
   • 508 views
   • 
   • Scuba 401
   • January 9, 2021

10. Deferrals to (now terminated) Simple IRA not deposited

    By DSev, December 28, 2020
    • 4 replies
    • 804 views
    • 
    • FORMER ESQ.
    • December 28, 2020

11. Wrong plan Number on 5500 for 8 years

    By AbsolutelyOkayPossibly, December 1, 2020
    • 1 reply
    • 832 views
    • 
    • Bill Presson
    • December 1, 2020

12. Correction of failure to adopt 403(b) in 2014 - can I use Schedule 2 of From 14568-B

    By KML, November 30, 2020
    • 1 reply
    • 507 views
    • 
    • EBECatty
    • November 30, 2020

13. ADP Testing with lost deferral opportunity

    By Jill, November 23, 2020
    • 7 replies
    • 923 views
    • 
    • Jill
    • November 30, 2020

14. VFCP Calculator

    By Belgarath, November 3, 2020
    • 8 replies
    • 2.7k views
    • 
    • Gilmore
    • November 5, 2020

15. VFCP Calculator--does this add up?

    By BG5150, October 23, 2020
    • 1 reply
    • 822 views
    • 
    • RatherBeGolfing
    • October 23, 2020

16. VCP for 2 Years

    By Dougsbpc, October 23, 2020
    • 1 reply
    • 659 views
    • 
    • CuseFan
    • October 23, 2020

17. Solving 410(b) with short service employees

    By cathyw, October 8, 2020
    • 7 replies
    • 1.5k views
    • 
    • C. B. Zeller
    • October 16, 2020

18. Inclusion of comp for non-participating employer

    By Niceguymike, October 13, 2020
    • 2 replies
    • 762 views
    • 
    • Luke Bailey
    • October 14, 2020

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

    By Carol V. Calhoun, October 24, 2018
    • 15 replies
    • 2.5k views
    • 
    • BTG
    • September 21, 2020

20. Plan increased discretionary match cap, but did not amend plan

    By BG5150, September 16, 2020
    • 1 reply
    • 354 views
    • 
    • Luke Bailey
    • September 16, 2020

21. VCP filing for incorrect match

    By Santo Gold, September 9, 2020
    • 7 replies
    • 1.9k views
    • 
    • FormsRstillmylife
    • September 14, 2020

22. Safe Harbor Match Timing Error

    By Catch22PGM, September 3, 2020   

    • safe harbor 401k
    • plan document failure
    • 4 replies
    • 867 views
    • 
    • BG5150
    • September 8, 2020

23. SERIOUS mishandling of the VCP??

    By DR245, August 25, 2020
    • 4 replies
    • 949 views
    • 
    • Bird
    • August 27, 2020

24. Missed deferral correction for participants who have terminated

    By Belgarath, December 15, 2015
    • 12 replies
    • 8.6k views
    • 
    • legort69
    • August 21, 2020

25. withdrawal of excess

    By Bri, August 18, 2020
    • 3 replies
    • 1.1k views
    • 
    • cathyw
    • August 19, 2020

26. Overpayment in EPCRS, is there a typo?

    By BG5150, August 18, 2020
    • 3 replies
    • 1.2k views
    • 
    • BG5150
    • August 19, 2020

27. Excess Allocation

    By Gilmore, August 3, 2020
    • 4 replies
    • 973 views
    • 
    • Gilmore
    • August 12, 2020

28. 401k never terminated while funding SEP IRA

    By supernole, July 23, 2020
    • 2 replies
    • 598 views
    • 
    • supernole
    • July 28, 2020

29. ADP test failed, was corrected, then failed again....

    By Santo Gold, July 22, 2020
    • 3 replies
    • 966 views
    • 
    • Santo Gold
    • July 22, 2020

30. Doc says participant directed, plan is pooled

    By BG5150, July 10, 2020
    • 9 replies
    • 1k views
    • 
    • BG5150
    • July 16, 2020

31. In Service Distribution prior to 59-1/2

    By TPA Bob, July 19, 2018   

    • 401(k)
    • in service distribution
    • 7 replies
    • 2.9k views
    • 
    • ErisaGooroo
    • July 16, 2020

32. In-Service Withdrawals

    By Cynchbeast, July 9, 2020
    • 2 replies
    • 1.1k views
    • 
    • Larry Starr
    • July 9, 2020

33. Overpayment from Terminated 401(k) Plan II

    By LSU2020, July 3, 2020
    • 1 reply
    • 807 views
    • 
    • Lou S.
    • July 6, 2020

34. Employee contributions made to wrong Plan

    By Carol V. Calhoun, June 26, 2020
    • 3 replies
    • 2.1k views
    • 
    • Peter Gulia
    • June 26, 2020

35. Forfeitures did not occur

    By Scott, June 22, 2020
    • 1 reply
    • 702 views
    • 
    • Luke Bailey
    • June 23, 2020

36. Match before eligible

    By reader, June 4, 2020
    • 5 replies
    • 888 views
    • 
    • C. B. Zeller
    • June 18, 2020

37. Chronology of recent VCP submission

    By Linda Wilkins, June 10, 2020
    • 4 replies
    • 976 views
    • 
    • B21
    • June 12, 2020

38. Owner with No Eligible Compensation

    By JustMe, June 3, 2020
    • 4 replies
    • 825 views
    • 
    • JustMe
    • June 5, 2020

39. Automatically Enrolled prior to being Eligible

    By ktrombino, June 1, 2020
    • 3 replies
    • 594 views
    • 
    • ktrombino
    • June 4, 2020

40. Company’s hidden 401k program

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

41. no plan document ever

    By Santo Gold, May 21, 2020
    • 6 replies
    • 1.4k views
    • 
    • Santo Gold
    • May 22, 2020

42. Match wasn't capped

    By pam@bbm, August 27, 2019
    • 4 replies
    • 899 views
    • 
    • BG5150
    • May 14, 2020

43. How do we correct discrimination about the availability of a kind of distribution?

    By Peter Gulia, May 12, 2020   

    • benefits rights and features
    • 5 replies
    • 814 views
    • 
    • Peter Gulia
    • May 13, 2020

44. 401a4 failure

    By Jakyasar, April 22, 2020
    • 9 replies
    • 1.5k views
    • 
    • Jakyasar
    • April 23, 2020

45. 7-8 Month VCP Turnaround

    By Christine Roberts, April 11, 2020
    • 8 replies
    • 936 views
    • 
    • Linda Wilkins
    • April 17, 2020

46. Missing everything since 1997

    By Marie, June 27, 2019
    • 6 replies
    • 1.1k views
    • 
    • shERPA
    • March 25, 2020

47. fees not applied to participant accounts

    By DMcGovern, March 23, 2020
    • 2 replies
    • 554 views
    • 
    • DMcGovern
    • March 24, 2020

48. Improperly excluded employee - ADP test

    By taxllm, March 19, 2020
    • 7 replies
    • 2k views
    • 
    • taxllm
    • March 19, 2020

49. Defined Contribution Overpayment Repayment Amount Calculation

    By OR-ERISA, March 16, 2020
    • 1 reply
    • 771 views
    • 
    • BG5150
    • March 16, 2020

50. 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