Guest PLHart Posted February 11, 2002 Posted February 11, 2002 Employer checked off (X) NONE on standardized adoption agreement for employer discretionary profit sharing contribution to their 401(k) plan, but then went ahead and made profit sharing contribs for two prior years anyway. What should they do now to correct, if anything. New restated doc is all set going foreword...
AndyH Posted February 11, 2002 Posted February 11, 2002 Find a good ERISA attorney and follow their guidance.
Erik Read Posted February 12, 2002 Posted February 12, 2002 I agree - find an ERISA - they'll probably present it as a clerical error to the document, since you can show that from an admin standpoint, they have been funding the plan. Good Luck - keep us posted. __________________ Erik Read, APR CKC
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