Correction of Plan Defects

1,794 topics in this forum

1. Correction of SIMPLE After Crossing the 100-Employee Threshold

   By 401 Chaos, July 28, 2021
   • 0 replies
   • 1k views
   • 
   • 401 Chaos
   • July 28, 2021

2. Earnings Adjustment - Actual vs. DOL Calculator

   By waid10, July 14, 2021
   • 5 replies
   • 1.9k views
   • 
   • Bob the Swimmer
   • July 16, 2021

3. Can forfeitures be used for late deferral corrections?

   By BG5150, July 15, 2021
   • 5 replies
   • 3.2k views
   • 
   • C. B. Zeller
   • July 15, 2021

4. Plan doesn't permit QNECs

   By BTG, March 16, 2021
   • 4 replies
   • 1.4k views
   • 
   • PeterN
   • July 9, 2021

5. VCP status inquiry line

   By t.haley, June 28, 2021
   • 3 replies
   • 1.4k views
   • 
   • BTG
   • July 8, 2021

6. Retention of Plan Documents

   By Benefits Vet, June 30, 2021
   • 2 replies
   • 1.1k views
   • 
   • John Feldt ERPA CPC QPA
   • July 1, 2021

7. can former shareholders of plan sponsor be held liable for plan error in this circumstance?

   By mariemonroe, June 22, 2021
   • 5 replies
   • 1.5k views
   • 
   • mariemonroe
   • June 23, 2021

8. Waiver of 401(a)(9) Penalties for Employee Owner under VCP

   By Benefits Vet, June 8, 2021
   • 1 reply
   • 1k views
   • 
   • rocknrolls2
   • June 9, 2021

9. Correction of Plan Back to 2014

   By ErnieG, May 21, 2021
   • 2 replies
   • 1.2k views
   • 
   • ErnieG
   • May 24, 2021

10. SCP- operational failure on bonuses for 401k deferral

    By B21, May 9, 2021
    • 2 replies
    • 1.5k views
    • 
    • Bill Presson
    • May 10, 2021

11. Impermissible Distribution

    By waid10, March 16, 2010
    • 23 replies
    • 20.8k views
    • 
    • Bird
    • April 27, 2021

12. Salary Deferral Excess corrected under EPCRS--what 1099R code?

    By BG5150, April 21, 2021
    • 2 replies
    • 884 views
    • 
    • BG5150
    • April 22, 2021

13. 45-day notice requirement for safe harbor correction

    By t.haley, April 12, 2021
    • 0 replies
    • 706 views
    • 
    • t.haley
    • April 12, 2021

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

    By MarZDoates, April 5, 2021
    • 4 replies
    • 1.4k views
    • 
    • MarZDoates
    • April 8, 2021

15. Early inclusion of ineligible employee

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

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

    By TPAnnie, March 2, 2021
    • 2 replies
    • 1.4k views
    • 
    • TPAnnie
    • March 2, 2021

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

    By EBECAttorney, February 25, 2021
    • 7 replies
    • 1.7k views
    • 
    • acm_acm
    • March 1, 2021

18. Extension of Special Rule for Auto Enrollment Plans

    By austin3515, January 18, 2021
    • 4 replies
    • 1.5k views
    • 
    • austin3515
    • February 3, 2021

19. Filing VCPs for clients

    By Cindy, January 22, 2021
    • 5 replies
    • 1.6k views
    • 
    • Peter Gulia
    • January 27, 2021

20. ECPRS / Gains Adjustments for over-deposits

    By austin3515, January 11, 2021
    • 4 replies
    • 1.5k views
    • 
    • Luke Bailey
    • January 13, 2021

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

    By FORMER ESQ., January 9, 2021
    • 2 replies
    • 1.6k views
    • 
    • BG5150
    • January 11, 2021

22. vcp question

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

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

    By DSev, December 28, 2020
    • 4 replies
    • 1.3k views
    • 
    • FORMER ESQ.
    • December 28, 2020

24. Wrong plan Number on 5500 for 8 years

    By AbsolutelyOkayPossibly, December 1, 2020
    • 1 reply
    • 1.2k views
    • 
    • Bill Presson
    • December 1, 2020

25. 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
    • 888 views
    • 
    • EBECatty
    • November 30, 2020

26. ADP Testing with lost deferral opportunity

    By Jill, November 23, 2020
    • 7 replies
    • 1.4k views
    • 
    • Jill
    • November 30, 2020

27. VFCP Calculator

    By Belgarath, November 3, 2020
    • 8 replies
    • 3.9k views
    • 
    • Gilmore
    • November 5, 2020

28. VFCP Calculator--does this add up?

    By BG5150, October 23, 2020
    • 1 reply
    • 1.3k views
    • 
    • RatherBeGolfing
    • October 23, 2020

29. VCP for 2 Years

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

30. Solving 410(b) with short service employees

    By cathyw, October 8, 2020
    • 7 replies
    • 2.2k views
    • 
    • C. B. Zeller
    • October 16, 2020

31. Inclusion of comp for non-participating employer

    By Niceguymike, October 13, 2020
    • 2 replies
    • 1.1k views
    • 
    • Luke Bailey
    • October 14, 2020

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

    By Carol V. Calhoun, October 24, 2018
    • 15 replies
    • 3.7k views
    • 
    • BTG
    • September 21, 2020

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

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

34. VCP filing for incorrect match

    By Santo Gold, September 9, 2020
    • 7 replies
    • 2.3k views
    • 
    • FormsRstillmylife
    • September 14, 2020

35. Safe Harbor Match Timing Error

    By Catch22PGM, September 3, 2020   

    • safe harbor 401k
    • plan document failure
    • 4 replies
    • 1.2k views
    • 
    • BG5150
    • September 8, 2020

36. SERIOUS mishandling of the VCP??

    By DR245, August 25, 2020
    • 4 replies
    • 1.5k views
    • 
    • Bird
    • August 27, 2020

37. Missed deferral correction for participants who have terminated

    By Belgarath, December 15, 2015
    • 12 replies
    • 10k views
    • 
    • legort69
    • August 21, 2020

38. withdrawal of excess

    By Bri, August 18, 2020
    • 3 replies
    • 1.5k views
    • 
    • cathyw
    • August 19, 2020

39. Overpayment in EPCRS, is there a typo?

    By BG5150, August 18, 2020
    • 3 replies
    • 1.6k views
    • 
    • BG5150
    • August 19, 2020

40. Excess Allocation

    By Gilmore, August 3, 2020
    • 4 replies
    • 1.4k views
    • 
    • Gilmore
    • August 12, 2020

41. 401k never terminated while funding SEP IRA

    By supernole, July 23, 2020
    • 2 replies
    • 1k views
    • 
    • supernole
    • July 28, 2020

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

    By Santo Gold, July 22, 2020
    • 3 replies
    • 1.5k views
    • 
    • Santo Gold
    • July 22, 2020

43. Doc says participant directed, plan is pooled

    By BG5150, July 10, 2020
    • 9 replies
    • 1.7k views
    • 
    • BG5150
    • July 16, 2020

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

    By TPA Bob, July 19, 2018   

    • 401(k)
    • in service distribution
    • 7 replies
    • 3.5k views
    • 
    • ErisaGooroo
    • July 16, 2020

45. In-Service Withdrawals

    By Cynchbeast, July 9, 2020
    • 2 replies
    • 1.6k views
    • 
    • Larry Starr
    • July 9, 2020

46. Overpayment from Terminated 401(k) Plan II

    By LSU2020, July 3, 2020
    • 1 reply
    • 1.2k views
    • 
    • Lou S.
    • July 6, 2020

47. Employee contributions made to wrong Plan

    By Carol V. Calhoun, June 26, 2020
    • 3 replies
    • 2.7k views
    • 
    • Peter Gulia
    • June 26, 2020

48. Forfeitures did not occur

    By Scott, June 22, 2020
    • 1 reply
    • 1.1k views
    • 
    • Luke Bailey
    • June 23, 2020

49. Match before eligible

    By reader, June 4, 2020
    • 5 replies
    • 1.3k views
    • 
    • C. B. Zeller
    • June 18, 2020

50. Chronology of recent VCP submission

    By Linda Wilkins, June 10, 2020
    • 4 replies
    • 1.5k views
    • 
    • B21
    • June 12, 2020