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Excise Tax for Excess Contribution


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Guest kgsingletary
Posted

I am administering a PEO/Multiple Employer Plan. Several of the adopters have failed the ADP/ACP Test requiring refunds (after 3/15). The PEO suggested to me that they pay the excise tax rather than bothering their client (the actual employer). I'm thinking this is ok - what do you think?

Thanks!

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