Guest Jaym32 Posted July 23, 2013 Share Posted July 23, 2013 This happened for 2008. I wrote to DOL, they were interested and helpful but ultimately referred the matter to IRS. And to my knowledge that was the end of it, almost 2 years ago. Does anyone know of an airtight case history where a top-heavy PSP sponsor just refused to make the required contribution for NHCEs and got called out for it? Thanks! Link to comment Share on other sites More sharing options...
Jim Chad Posted July 23, 2013 Share Posted July 23, 2013 Around 2004, (I think) I had a Plan audited by the IRS. they had made the Th for everyone who met the 1 year eligibility for PS. But they let people defer after 90 days. They were told by the IRS auditor they had to make the TH for these people or the plan would be disqualified. Link to comment Share on other sites More sharing options...
mschwechter Posted July 23, 2013 Share Posted July 23, 2013 The ultimate penalty is plan disqualification, if caught. http://www.irs.gov/Retirement-Plans/Fixing-Common-Plan-Mistakes---Top-Heavy-Errors-in-Defined-Contribution-Plans I had an employer who failed to make the safe harbor match for 3 years, I ultimately fired the client. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now