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Participant's contributions improperly stopped in August. Any way to


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Posted

When a Participant went on a short two week leave, his contributions were improperly stopped. Of course, he just noticed it now. We would like to make him whole, since we made the mistake. Is there anything we can do outside of paying him outside of the Plan???? Our Plan does not allow after-tax contributions.

Posted

You might try the Q&A columnn on correcting plan defects. See in particular Q&A 147.

http://www.benefitslink.com/qa_columns/pla...cts/index.shtml

I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.

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