sdix401k Posted August 9, 2006 Posted August 9, 2006 We have plan that upon review have discovered that an employee who took a hardship withdrawl in 2005 continued to defer compensation. The employee also received a matching contribution on that deferral. The plan has been amended to allow a participant to begin contributions after 6 months of the Hardship. What is the best way to correct this? A self correction or VFCP? Should we correct; Employee was actually benefited by receiving the matching contribtuion. Any thoughts? Thanks!!
WDIK Posted August 9, 2006 Posted August 9, 2006 http://benefitslink.com/boards/index.php?showtopic=24772 ...but then again, What Do I Know?
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