SEllis
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Background: Our office was engaged to review prior administration for a 3 year period (2016, 2017 & 2018). After proper determination of highly compensated employees, it has been found excess contributions were overstated by a significant amount to one highly compensated employee for 2 of the 3 years. (overstated by $13k 2017 and $10k 2018) I have not found any specific guidance on the correction for the improper distribution of excess contributions. Has anyone had this type of correction?