EXCESS MATCH

[Lori H]

the plan passed the ACP test, yet a couple of participants received too much match, does the plan need to transfer the excess plus allocable income to a forfeiture/holding account and if the transaction does not occur prior to 2 and a half months after the close of the plan year, is the plan sponsor responsible for the 10 percent excess tax and filing 5330? if so, could they not pay the tax with the forfeited funds?

thanks