Correction of Plan Defects

1,794 topics in this forum

1. Loan Failure

   By Spodie, October 13, 2016
   • 0 replies
   • 753 views
   • 
   • Spodie
   • October 13, 2016

2. Contingent benefit violation? How do I correct?

   By gumbok, October 4, 2016   

   • Contingent benefit
   • 2 replies
   • 1.3k views
   • 
   • gumbok
   • October 5, 2016

3. New Rev. Proc. on EPCRS

   By david rigby, September 29, 2016
   • 6 replies
   • 1.2k views
   • 
   • EBECatty
   • October 1, 2016

4. Small plan with short plan year starts making deposits late.

   By kwalified, September 29, 2016
   • 6 replies
   • 1.1k views
   • 
   • kwalified
   • September 30, 2016

5. Participating Employer failure to sign adoption agreement

   By IhrtERISA, September 29, 2016   

   • VCP
   • Participating Employer
   • 1 reply
   • 2k views
   • 
   • IhrtERISA
   • September 29, 2016

6. ACP Refund Correction

   By jmartin, September 6, 2016
   • 1 reply
   • 990 views
   • 
   • david rigby
   • September 6, 2016

7. Audit CAP - Calculation of Maximum Payment Amount

   By rocknrolls2, September 5, 2016
   • 0 replies
   • 1.2k views
   • 
   • rocknrolls2
   • September 5, 2016

8. Limit on One-to-One QNEC Amounts?

   By ETA Consulting LLC, August 30, 2016
   • 1 reply
   • 1.1k views
   • 
   • John Feldt ERPA CPC QPA
   • September 2, 2016

9. Audit CAP -- Position Paper and Method of Calculation

   By rocknrolls2, September 2, 2016
   • 0 replies
   • 1.2k views
   • 
   • rocknrolls2
   • September 2, 2016

10. Correction by Retroactive Amendment - Limitation to Impacted Employees?

    By rocknrolls2, August 26, 2016
    • 1 reply
    • 1.3k views
    • 
    • Mike Preston
    • August 26, 2016

11. PPA Nonamender - How complete Schedule 2?

    By benefitz, August 26, 2016
    • 0 replies
    • 951 views
    • 
    • benefitz
    • August 26, 2016

12. Max loan taken, included some ineligible contributions

    By RLD513, August 26, 2016
    • 1 reply
    • 728 views
    • 
    • BG5150
    • August 26, 2016

13. Should we amend 5500 or make QNEC

    By pam@bbm, August 24, 2016
    • 2 replies
    • 1.9k views
    • 
    • Tom Poje
    • August 24, 2016

14. Is this an Overpayment under EPCRS? How correct if rolled to IRA?

    By Guest TaxedToDeath, February 6, 2013
    • 3 replies
    • 2.6k views
    • 
    • tghooper
    • August 17, 2016

15. VFCP for missed match/lost earnings?

    By IhrtERISA, August 17, 2016   

    • VFCP
    • Excise Taxes
    • (and 5 more)

      Tagged with:

      • VFCP
      • Excise Taxes
      • Prohibited Transaction
      • Matching
      • VCP
      • EPCRS
      • DOL
    • 1 reply
    • 1.6k views
    • 
    • jpod
    • August 17, 2016

16. "Amount Involved" in late contributions for 5330

    By BG5150, August 10, 2016
    • 4 replies
    • 3k views
    • 
    • BG5150
    • August 11, 2016

17. Loan policy not followed

    By John Feldt ERPA CPC QPA, August 9, 2016   

    • error correction
    • SCP
    • (and 4 more)

      Tagged with:

      • error correction
      • SCP
      • VCP
      • loan
      • loans
      • primary residence
    • 3 replies
    • 2k views
    • 
    • RatherBeGolfing
    • August 10, 2016

18. Loan to "disqualified person" & violation of Code 72(p)

    By Spodie, August 5, 2016   

    • Loan failure
    • Prohibited Transaction
    • (and 2 more)

      Tagged with:

      • Loan failure
      • Prohibited Transaction
      • VCP
      • VFCP
    • 0 replies
    • 1.6k views
    • 
    • Spodie
    • August 5, 2016

19. Correction for failure to implement Roth deferral election correctly

    By Spodie, August 5, 2016   

    • Plan Failure
    • Roth
    • (and 1 more)

      Tagged with:

      • Plan Failure
      • Roth
      • EPCRS
    • 0 replies
    • 2k views
    • 
    • Spodie
    • August 5, 2016

20. Operational Failure - 401(k) Plan

    By Belgarath, July 14, 2016
    • 6 replies
    • 2k views
    • 
    • IhrtERISA
    • August 4, 2016

21. Lost Earnings on Late Deposits

    By DocumentDiva, July 26, 2016
    • 8 replies
    • 3.6k views
    • 
    • DocumentDiva
    • August 2, 2016

22. 401(a) plan merged into 403(b) plan - how to correct

    By taxllm, March 8, 2016
    • 5 replies
    • 1.7k views
    • 
    • ErisaGooroo
    • July 28, 2016

23. failure to permit an employee to make a deferral election...same correction for Rehired?

    By Lori H, July 27, 2016
    • 0 replies
    • 723 views
    • 
    • Lori H
    • July 27, 2016

24. VFCP

    By PFranckowiak, July 21, 2016
    • 2 replies
    • 1.2k views
    • 
    • My 2 cents
    • July 22, 2016

25. Ineligible participant makes deferrals--correct by distribution--Match?

    By jkharvey, July 21, 2016
    • 2 replies
    • 1.4k views
    • 
    • BG5150
    • July 21, 2016

26. VCP for Simple IRA

    By Gilmore, July 19, 2016
    • 2 replies
    • 1.3k views
    • 
    • Gilmore
    • July 20, 2016

27. 404 Deduction - Audit CAP

    By justanotheradmin, July 14, 2016
    • 1 reply
    • 1k views
    • 
    • jpod
    • July 14, 2016

28. Missed Match - Allowed to Defer

    By HappyCPC, July 8, 2016
    • 2 replies
    • 1.5k views
    • 
    • HappyCPC
    • July 11, 2016

29. Form 5330

    By jpod, September 9, 2015
    • 2 replies
    • 1.8k views
    • 
    • Below Ground
    • July 8, 2016

30. Correction of investment errors

    By Carol V. Calhoun, June 16, 2016
    • 0 replies
    • 1k views
    • 
    • Carol V. Calhoun
    • June 16, 2016

31. Rev Proc 2015-28 - Affirmative Elections "in lieu of" Automatic Contribution

    By dcoderre, September 30, 2015   

    • Initial AND Subsequent Elect?
    • 6 replies
    • 2.8k views
    • 
    • Francis
    • June 12, 2016

32. "Bug" in DOL Lost Earnings Calculator?

    By EPCRSGuru, May 31, 2016
    • 2 replies
    • 1.4k views
    • 
    • EPCRSGuru
    • June 2, 2016

33. Late Amender- deadlines and effective dates

    By Flyboyjohn, May 10, 2016
    • 2 replies
    • 1.2k views
    • 
    • Belgarath
    • May 11, 2016

34. Missed Deferral Opp from 5 years ago.

    By Rai401k, May 5, 2016
    • 1 reply
    • 1.3k views
    • 
    • hr for me
    • May 6, 2016

35. Early Participation of HCE

    By BLM, May 2, 2016
    • 1 reply
    • 1.1k views
    • 
    • Lou S.
    • May 2, 2016

36. missed deferral (auto-enrollment) earnings adjustment

    By DMcGovern, March 31, 2016
    • 0 replies
    • 1.4k views
    • 
    • DMcGovern
    • March 31, 2016

37. non-safe harbor 401(k), no HC contributions

    By Belgarath, March 29, 2016
    • 7 replies
    • 2k views
    • 
    • masteff
    • March 30, 2016

38. Sole 401(k) not Red Cup

    By cdavis25, March 28, 2016
    • 8 replies
    • 1.9k views
    • 
    • cdavis25
    • March 29, 2016

39. SEP - ineligible employer

    By Belgarath, March 29, 2016
    • 0 replies
    • 893 views
    • 
    • Belgarath
    • March 29, 2016

40. EPCRS Correction

    By T.J. Orr, March 25, 2016   

    • EPCRS
    • 401(k) Excess Allocation
    • 1 reply
    • 1.3k views
    • 
    • Mike Preston
    • March 26, 2016

41. QNEC - missed deferrals

    By hunter001, March 22, 2016
    • 0 replies
    • 1.2k views
    • 
    • hunter001
    • March 22, 2016

42. Brother as Investment Broker for 401(k) Plan

    By ogilviesann, March 11, 2016
    • 1 reply
    • 1.2k views
    • 
    • My 2 cents
    • March 11, 2016

43. "Reasonable" estimate of earnings needed

    By BG5150, February 16, 2016
    • 5 replies
    • 2.2k views
    • 
    • bito'money
    • March 1, 2016

44. Current IRS Position on Scrivener's Errors Under EPCRS

    By EBECatty, February 26, 2016
    • 4 replies
    • 3.2k views
    • 
    • EBECatty
    • February 26, 2016

45. Deferrals made in December, but 401k Provisions not yet effective

    By jkharvey, February 22, 2016
    • 1 reply
    • 983 views
    • 
    • K2retire
    • February 22, 2016

46. Successor Employer

    By Dougsbpc, February 20, 2016   

    • Timing of Adoption
    • 0 replies
    • 1k views
    • 
    • Dougsbpc
    • February 20, 2016

47. Deferrals made to Profit Sharing Plan (not 401K Plan)

    By LauraERPA, February 12, 2016
    • 0 replies
    • 842 views
    • 
    • LauraERPA
    • February 12, 2016

48. Correction of Failure to Implement Deferral Election

    By Spodie, February 2, 2016   

    • Correction of Plan Defects
    • Implement Deferral Election
    • 5 replies
    • 2.3k views
    • 
    • Spodie
    • February 10, 2016

49. Participating employer situation

    By Belgarath, February 3, 2016
    • 4 replies
    • 1.8k views
    • 
    • Belgarath
    • February 4, 2016

50. Second VCP same plan

    By JJRetirement, January 28, 2016   

    • EPCRS
    • VCP
    • (and 1 more)

      Tagged with:

      • EPCRS
      • VCP
      • Late Amender
    • 2 replies
    • 1.3k views
    • 
    • JJRetirement
    • January 29, 2016