Due to a CPA error, some HCEs received a discretionary employer contribution and it was deposited to their respective accounts in 2015
There were many NHCEs who were suppose to receive this contribution instead of the HCEs.
Is there any requirement to provide notice to the HCEs, If we pull out the already deposited discretionary employer contribution from HCEs accounts in 2016?
Please advise any issues that may arrise doing so.