Deductibility of top heavy contribution

[Guest IPound]

I discovered a new client was top heavy in 2000 but did not make the required top heavy minimum contribution.

Client will self-correct in 2002 by making contribution and gain from 12/31/2000 through point of deposit (1/31/02).

Question: Is this deductible under IRC 404 in 2002 as long as it does not violate IRC 415?

Rev Procedure 2001-17 section 6.02 (4) refers to "normal rules of section 404"

Are they referring to the 2000 plan year or the 2002 plan year?

Thank you

:confused: