Correction of Plan Defects

1,782 topics in this forum

1. 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

2. Correction for failure to hold assets in trust?

   By C. B. Zeller, March 2, 2020
   • 5 replies
   • 866 views
   • 
   • Larry Starr
   • March 4, 2020

3. In-Service Withdrawal Violation

   By Dougsbpc, February 27, 2020
   • 3 replies
   • 952 views
   • 
   • C. B. Zeller
   • March 2, 2020

4. IRS Whistleblower Informs ARA of Change that Could Doom Voluntary Corrections

   By RatherBeGolfing, February 25, 2020
   • 13 replies
   • 1.8k views
   • 
   • C. B. Zeller
   • March 2, 2020

5. 1 Participant RMD Failure Over Multiple Years - How do we correct and report?

   By waid10, January 17, 2020
   • 4 replies
   • 1.8k views
   • 
   • spiritrider
   • February 23, 2020

6. Telephone Number to Follow Up on VCP Request

   By rocknrolls2, October 22, 2019
   • 4 replies
   • 1.1k views
   • 
   • Christine Roberts
   • February 13, 2020

7. IRS VCP submission FAST APPROVAL

   By Belgarath, November 19, 2019
   • 7 replies
   • 1.5k views
   • 
   • Christine Roberts
   • February 13, 2020

8. Overpayment of Benefits - Recovery Sought over Several YEars

   By rocknrolls2, February 13, 2020
   • 1 reply
   • 680 views
   • 
   • david rigby
   • February 13, 2020

9. prohibited transaction in IRA

   By mariemonroe, January 24, 2020
   • 6 replies
   • 1.3k views
   • 
   • Luke Bailey
   • January 24, 2020

10. Excess Contributions for Prior Years and 1099-R Codes

    By lcollins300, January 15, 2020
    • 6 replies
    • 3.1k views
    • 
    • Mike Preston
    • January 21, 2020

11. Missed RMD's for multiple years

    By Belgarath, December 5, 2019
    • 1 reply
    • 1.2k views
    • 
    • waid10
    • January 17, 2020

12. Owner's Spouse with no compensation maximized 2019 deferrals

    By Towanda, January 10, 2020
    • 12 replies
    • 913 views
    • 
    • Mike Preston
    • January 14, 2020

13. Prototype approval letter - Legg Mason prototype

    By TPAinPA, January 6, 2020
    • 2 replies
    • 860 views
    • 
    • QualGeek
    • January 9, 2020

14. Failure to distribute failed ADP test dollars timely

    By Mikerbpm, January 7, 2020
    • 1 reply
    • 1.8k views
    • 
    • C. B. Zeller
    • January 8, 2020

15. Is a 100% corrective QNEC ok?

    By BG5150, December 31, 2019
    • 3 replies
    • 743 views
    • 
    • Mike Preston
    • December 31, 2019

16. dfvcp - payment

    By TPA Bob, December 28, 2019   

    • payment dfvcp
    • 2 replies
    • 554 views
    • 
    • msmith
    • December 30, 2019

17. How to File EPCRS For a Client

    By austin3515, December 7, 2019
    • 4 replies
    • 1.1k views
    • 
    • Peter Gulia
    • December 18, 2019

18. QACA Safe Harbor Plan and Missed Deferral Opportunity

    By MarZDoates, December 17, 2019
    • 1 reply
    • 1.2k views
    • 
    • BG5150
    • December 17, 2019

19. Incorrect safe harbor contribution deposited

    By Lorraine Steinberg, December 11, 2019
    • 3 replies
    • 867 views
    • 
    • Luke Bailey
    • December 12, 2019

20. 415 excess

    By thepensionmaven, November 4, 2019
    • 2 replies
    • 1.5k views
    • 
    • thepensionmaven
    • November 11, 2019

21. DOL Overreach - VFCP! Threatening letters?!

    By justanotheradmin, June 15, 2018   

    • late deposits
    • enforcement action
    • (and 2 more)

      Tagged with:

      • late deposits
      • enforcement action
      • dol
      • vfcp
    • 18 replies
    • 4.4k views
    • 
    • AKowalski
    • November 1, 2019

22. 401k Mistakenly Moved to PEO

    By goldtpa, October 31, 2019
    • 5 replies
    • 944 views
    • 
    • Larry Starr
    • October 31, 2019

23. Delinquent Loan Payments

    By AJ North, October 30, 2019
    • 4 replies
    • 1.2k views
    • 
    • Larry Starr
    • October 31, 2019

24. Correction of Erroneous Deferrals (Excess Amounts / Overpayments)

    By 401 Chaos, October 22, 2019
    • 4 replies
    • 2k views
    • 
    • Luke Bailey
    • October 24, 2019

25. Supplementing a VCP Filing

    By rocknrolls2, October 18, 2019
    • 3 replies
    • 915 views
    • 
    • Bob the Swimmer
    • October 19, 2019

26. 5330, Schedule C, line 5

    By Belgarath, October 8, 2019
    • 0 replies
    • 488 views
    • 
    • Belgarath
    • October 8, 2019

27. Anon VCP

    By Griswold, September 24, 2019
    • 5 replies
    • 1k views
    • 
    • Belgarath
    • October 7, 2019

28. Is it a QNEC or MATCH?

    By pam@bbm, June 2, 2016
    • 6 replies
    • 4.6k views
    • 
    • legort69
    • October 3, 2019

29. Correction of Ineligible After Tax rollover to 403b plan

    By Cobras59, September 23, 2019
    • 1 reply
    • 488 views
    • 
    • Mike Preston
    • September 23, 2019

30. Pre-tax withheld as Roth AND vice versa!

    By JustMe, September 19, 2019
    • 0 replies
    • 791 views
    • 
    • JustMe
    • September 19, 2019

31. Involuntary cash outs without consent

    By kmhaab, September 11, 2019
    • 0 replies
    • 488 views
    • 
    • kmhaab
    • September 11, 2019

32. Summary Documentation for VFCP?

    By JustMe, August 16, 2019
    • 0 replies
    • 555 views
    • 
    • JustMe
    • August 16, 2019

33. Successor plan rule violation

    By Belgarath, July 31, 2019
    • 6 replies
    • 1.7k views
    • 
    • Belgarath
    • August 2, 2019

34. Overpayment of Employer Matching Contributions

    By kmhaab, July 30, 2019
    • 2 replies
    • 2k views
    • 
    • kmhaab
    • August 1, 2019

35. User Fee Avoidance

    By Below Ground, July 17, 2019   

    • irs vs dol filings
    • 8 replies
    • 1.7k views
    • 
    • Below Ground
    • July 23, 2019

36. HCE Waiver of Self Correction Funds

    By PensionPete, July 3, 2019   

    • 401k
    • compensation
    • (and 1 more)

      Tagged with:

      • 401k
      • compensation
      • scp
    • 7 replies
    • 1.2k views
    • 
    • PensionPete
    • July 15, 2019

37. VCP Processing grinding to a halt?

    By shERPA, April 10, 2019
    • 13 replies
    • 2.3k views
    • 
    • Flyboyjohn
    • June 29, 2019

38. Mistaken contribution

    By PLHart, June 24, 2019
    • 13 replies
    • 2.5k views
    • 
    • Ilene Ferenczy
    • June 26, 2019

39. Eligible for SCP?

    By cathyw, April 29, 2019
    • 4 replies
    • 1.2k views
    • 
    • EBECatty
    • June 25, 2019

40. Forfeitures Used to Fund Earnings on Corrective Distributions

    By cg1077, June 25, 2019   

    • forfeitures
    • earnings
    • 0 replies
    • 523 views
    • 
    • cg1077
    • June 25, 2019

41. Failure to start deferrals in auto-enroll plan

    By BG5150, June 19, 2019
    • 5 replies
    • 3k views
    • 
    • Eve Sav
    • June 24, 2019

42. EPCRS ACA FIX IF ACA IS TERMINATED

    By Jeff Kirtner, June 21, 2019
    • 0 replies
    • 634 views
    • 
    • Jeff Kirtner
    • June 21, 2019

43. Is this a document or operational failure?

    By pam@bbm, June 17, 2019
    • 14 replies
    • 2.9k views
    • 
    • LANDO
    • June 20, 2019

44. Discretionary Match - Document Failure or Operational Failure?

    By Towanda, June 5, 2019
    • 5 replies
    • 1.3k views
    • 
    • Towanda
    • June 19, 2019

45. Locating Missing Participants -- Best Internet Web Sites

    By rocknrolls2, June 6, 2019
    • 9 replies
    • 1.5k views
    • 
    • austin3515
    • June 12, 2019

46. Entitled to Rollover Treatment?

    By JustnERPA, April 24, 2019
    • 3 replies
    • 930 views
    • 
    • Mike Preston
    • April 24, 2019

47. Correction of Overpayment from Terminated Plan?

    By kmhaab, April 1, 2019
    • 1 reply
    • 743 views
    • 
    • Cardscrazy
    • April 22, 2019

48. IRS expands self correction to certain loan failures

    By RatherBeGolfing, April 19, 2019
    • 5 replies
    • 1.2k views
    • 
    • RatherBeGolfing
    • April 19, 2019

49. Updated VCP Fees

    By PensionPro, April 16, 2019
    • 1 reply
    • 635 views
    • 
    • Madison71
    • April 16, 2019

50. Nondeductible contribution

    By perplexedbypensions, March 25, 2019
    • 7 replies
    • 1.4k views
    • 
    • justanotheradmin
    • March 27, 2019