eilano Posted August 3, 2006 Posted August 3, 2006 A plan which has 401k and a fixed match deposited too much money in 2003. The plan allows for discretionary match and/or profit sharing. However, the 2003 extra contribution is still sitting in the account (under the forfeiture section) and not allocated as of today. It appears that it should have been allocated to participants eligible to receive a contribution in 2003. Comments??
Archimage Posted August 4, 2006 Posted August 4, 2006 I agree. Should be allocated for the 2003 plan year based on the allocation formula in the document.
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