Lorraine Steinberg

Thank you for all of the above responses. Yes, each participant is in their own group.

I have a 3% SH cross-tested profit sharing plan that seems to work best at this time using an integrated allocation method. Is it mandatory to use the full taxable wage base as the integration level?

the plan sponsor went from a basic safe harbor match in 2018 to a safe harbor non-elective in 2019. unfortunately, the basic safe harbor match deposits were still being made during all of 2019. Can we do a self-correction? If so, I'd like to just reclassify the funds as SHNEC but some participants may have overages if they were deferring over 3% of pay. Can I just forfeit the overages? Do I have to calculate earnings on the overages to be forfeited?