Correction of Plan Defects

1,785 topics in this forum

1. IRS expands self correction to certain loan failures

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

2. Updated VCP Fees

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

3. Nondeductible contribution

   By perplexedbypensions, March 25, 2019
   • 7 replies
   • 1.5k views
   • 
   • justanotheradmin
   • March 27, 2019

4. QNECs for missed deferrals

   By KimS, March 20, 2019
   • 6 replies
   • 1.2k views
   • 
   • Kevin C
   • March 22, 2019

5. Missed deferral opportunity?

   By Doghouse, March 19, 2019
   • 1 reply
   • 580 views
   • 
   • Luke Bailey
   • March 20, 2019

6. Timing of ACP Refund

   By pam@bbm, March 8, 2019
   • 3 replies
   • 1.4k views
   • 
   • Bri
   • March 12, 2019

7. QNEC Optional?

   By Doghouse, March 1, 2019
   • 2 replies
   • 680 views
   • 
   • Doghouse
   • March 6, 2019

8. Missed Deferrals 25% QNEC? or 50% QNEC?

   By JustnERPA, March 4, 2019
   • 1 reply
   • 1.3k views
   • 
   • Mike Preston
   • March 5, 2019

9. Loan Failure - Relief from Reporting Loans as Deemed Distributions

   By Towanda, February 19, 2019
   • 5 replies
   • 1.2k views
   • 
   • Towanda
   • February 23, 2019

10. Minor Modification of VCP Compliance Statement

    By KMMB, February 14, 2019   

    • defined benefit plan
    • vcp minor modification
    • (and 1 more)

      Tagged with:

      • defined benefit plan
      • vcp minor modification
      • plan amendment
    • 1 reply
    • 573 views
    • 
    • Bob the Swimmer
    • February 14, 2019

11. SIMPLE IRA - VCP - Employer Eligibility Failure

    By JustMe, January 31, 2019
    • 2 replies
    • 756 views
    • 
    • JustMe
    • February 4, 2019

12. SIMPLE IRA and 401(k) in same year

    By Belgarath, May 31, 2017
    • 5 replies
    • 3.5k views
    • 
    • JustMe
    • January 30, 2019

13. Buyer Contributed to Seller's Plan after Asset Sale

    By BTG, January 27, 2019
    • 2 replies
    • 667 views
    • 
    • QP_Guy
    • January 28, 2019

14. Ineligible Compensation used for Deferrals

    By JustMe, January 16, 2019
    • 4 replies
    • 2.1k views
    • 
    • JustMe
    • January 19, 2019

15. Revised Form 8950

    By TPA Bob, January 14, 2019   

    • form 8950
    • 1 reply
    • 1.2k views
    • 
    • DAK
    • January 14, 2019

16. Amend for 2018 now or include in VCP?

    By kmhaab, December 28, 2018
    • 0 replies
    • 494 views
    • 
    • kmhaab
    • December 28, 2018

17. 14568 and 14568-E: Redundant? Loan Failure

    By Towanda, December 19, 2018
    • 3 replies
    • 607 views
    • 
    • Towanda
    • December 20, 2018

18. Overpayment under a DC plan and 1099R requirements

    By 30Rock, November 15, 2018
    • 3 replies
    • 1.4k views
    • 
    • Luke Bailey
    • November 16, 2018

19. Correcting Coverage Testing, Can we distribute small accounts?

    By ERISA-Bubs, November 6, 2018
    • 6 replies
    • 1.3k views
    • 
    • David Schultz
    • November 9, 2018

20. large 403(b) depositing SH Match in Employer Match accounts

    By Lori H, October 11, 2018
    • 3 replies
    • 654 views
    • 
    • Kevin C
    • November 7, 2018

21. SCP or VCP to Extend Permissible Loan Term

    By EBECatty, October 1, 2018
    • 3 replies
    • 841 views
    • 
    • Kevin C
    • October 19, 2018

22. 5330 needed for 2 issues...

    By Puffinator, October 10, 2018
    • 2 replies
    • 692 views
    • 
    • 401_noob
    • October 16, 2018

23. VCP or VFCP

    By ERISAgeek111, October 9, 2018
    • 3 replies
    • 4.2k views
    • 
    • RatherBeGolfing
    • October 10, 2018

24. Deferral Reduction not implemented

    By PJF414, October 8, 2018   

    • 401(k) correction
    • 2 replies
    • 752 views
    • 
    • Jim Chad
    • October 9, 2018

25. extended 2017 Form 5330 in error

    By M Norton, October 4, 2018   

    • form 5330
    • extension
    • 1 reply
    • 837 views
    • 
    • RatherBeGolfing
    • October 4, 2018

26. Rev. Proc. 2015-28 Correction of employee erroneously excluded from 401(k) for 2015

    By Carol V. Calhoun, July 21, 2015   

    • Rev. Proc. 2015-28
    • 7 replies
    • 4k views
    • 
    • DDahl
    • September 24, 2018

27. Resistance to VCP - what to do?

    By Towanda, September 13, 2018
    • 9 replies
    • 1.3k views
    • 
    • shERPA
    • September 14, 2018

28. Earnings Rate - Plan Average?

    By kmhaab, September 10, 2018
    • 2 replies
    • 1k views
    • 
    • AMDG
    • September 11, 2018

29. Form 5330 de minimis balance due

    By M Norton, September 7, 2018
    • 1 reply
    • 1.1k views
    • 
    • Larry Starr
    • September 7, 2018

30. Coverage Testing Correction

    By calexbraska, August 30, 2018
    • 3 replies
    • 2.1k views
    • 
    • Doc Ument
    • September 4, 2018

31. Alternative Proposed Correction

    By kshawbenefits, August 21, 2018   

    • epcrs
    • retroactive plan amendment
    • (and 1 more)

      Tagged with:

      • epcrs
      • retroactive plan amendment
      • correction method
    • 5 replies
    • 1.3k views
    • 
    • Flyboyjohn
    • August 21, 2018

32. Exclusion of Eligible Employees

    By calexbraska, July 26, 2018
    • 4 replies
    • 1.2k views
    • 
    • justanotheradmin
    • August 20, 2018

33. VFCP Invitations DOL Philadelphia Region

    By Flyboyjohn, July 17, 2018   

    • vfcp
    • 4 replies
    • 890 views
    • 
    • MoJo
    • July 18, 2018

34. Correction of excess deferrals/match

    By Lori H, July 9, 2018
    • 7 replies
    • 2.6k views
    • 
    • Lori H
    • July 13, 2018

35. MP and PS plans not restated since 1999 adoption

    By Bird, June 27, 2018
    • 3 replies
    • 857 views
    • 
    • Bird
    • June 27, 2018

36. Anonymous VCP filing

    By YankeeFan, June 26, 2018
    • 1 reply
    • 690 views
    • 
    • Mike Preston
    • June 26, 2018

37. Ineligible 401k employer - VCP to 401a?

    By beartd, June 20, 2018
    • 1 reply
    • 689 views
    • 
    • John Feldt ERPA CPC QPA
    • June 20, 2018

38. Excessive fees - VFCP Filing

    By ErisaGooroo, June 12, 2018   

    • vfcp
    • 5500
    • 1 reply
    • 773 views
    • 
    • Madison71
    • June 12, 2018

39. Return of Contribution due to Mistake or Fraud/Embezzlement

    By Dalai Pookah, June 12, 2018   

    • erisa §403(c)(2)
    • mistake of fact
    • (and 1 more)

      Tagged with:

      • erisa §403(c)(2)
      • mistake of fact
      • fraud
    • 5 replies
    • 2.6k views
    • 
    • Dalai Pookah
    • June 12, 2018

40. Non-adopting employer allowed to participate

    By K2retire, June 12, 2018
    • 4 replies
    • 1.6k views
    • 
    • Doc Ument
    • June 12, 2018

41. Correction for missed last paycheck deferrals

    By kmhaab, June 7, 2018
    • 2 replies
    • 1.8k views
    • 
    • John Feldt ERPA CPC QPA
    • June 8, 2018

42. correction for ineligible participation, now deceased

    By t.haley, June 6, 2018
    • 1 reply
    • 584 views
    • 
    • Luke Bailey
    • June 7, 2018

43. Correction required for former participant with no account?

    By kmhaab, May 31, 2018
    • 8 replies
    • 3k views
    • 
    • kmhaab
    • June 7, 2018

44. QNEC for missed match

    By 401(k)athryn, May 29, 2018   

    • epcrs
    • missed opportunity to defer
    • (and 2 more)

      Tagged with:

      • epcrs
      • missed opportunity to defer
      • qnec
      • match
    • 4 replies
    • 3.2k views
    • 
    • 401(k)athryn
    • May 30, 2018

45. 401(k) Failed coverage test

    By 52626, May 16, 2018
    • 8 replies
    • 6.4k views
    • 
    • Kevin C
    • May 18, 2018

46. Allocation Conditions

    By MarZDoates, April 20, 2018
    • 17 replies
    • 3.1k views
    • 
    • ACK
    • May 18, 2018

47. Corrective Amendment after Plan submitted for Favorable Determination Letter

    By Mel_1999, May 16, 2018   

    • corrective amendment
    • favorable determination letter
    • 3 replies
    • 806 views
    • 
    • Luke Bailey
    • May 17, 2018

48. Improper rollover of 401k account to IRA

    By Doghouse, May 15, 2018
    • 2 replies
    • 858 views
    • 
    • Luke Bailey
    • May 16, 2018

49. 403(b) Plan - Can QNECs, User Fee Be Paid from Plan Assets

    By rocknrolls2, May 12, 2018
    • 1 reply
    • 939 views
    • 
    • Trisports
    • May 15, 2018

50. Are Deferral Failures Discrete or Collective?

    By Dalai Pookah, April 25, 2018   

    • deferral failure
    • 2 replies
    • 837 views
    • 
    • Adi
    • April 27, 2018