401(k) deposit from 2003 still not deposited - How do you correct?

[Guest terric]

Deferral for one NHCE participant during 2003 was not deposited. Form 5330 was filed in 2004 the penalty was paid to the IRS. The interest lost was paid to the individual account, but the contribution was not deposited until today 9/27/05. What should be done at this point to correct?

Thank you for any input.

[R. Butler]

Probably additional lost earnings that need to be credited.

You may also need to rerun the 2003 ADP test. Deferrals need to be deposited within 12 months after the close of the plan year to count in ADP test.