Guest Iwonder Posted January 21, 2009 Posted January 21, 2009 Participant was automatically enrolled at 3% instead of 6% throughout most of 2008. This occurred during a transitional period. Purely an oversight. Employer wishes to make a QNEC for 50% of the amount of the missed opportunity (6% - 3% actually deferred) + lost earnings + missed matching. It looks as though EPCRS does not yet have anything specific to a situation like this and has solicited comments. So employer just wants to do the best thing without specific EPCRS guidance. Are they, or I, missing anything? Thank you
J Simmons Posted January 25, 2009 Posted January 25, 2009 I don't think you've missed anything. John Simmons johnsimmonslaw@gmail.com Note to Readers: For you, I'm a stranger posting on a bulletin board. Posts here should not be given the same weight as personalized advice from a professional who knows or can learn all the facts of your situation.
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