Jump to content

Discrepancy between comp in plan document and operation


Recommended Posts

Yes. But, if you had a retroactive amendment that ended up somehow benefiting mostly HC's, then I don't know that it would necessarily be viewed favorably...

Have only had a couple of these, but IRS has been reasonable. Good documentation will be necessary.

Link to comment
Share on other sites

It really helps to show either consistency of the comp that was used and/or if an old document had the definition that was being used. 

You can then frame the proposed amendment correction as fixing an error and the comp used was always the intended comp definition. 

Link to comment
Share on other sites

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 account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...