flowchart or checklist for late deferrals?

[Jim Chad]

Regarding late deferrals, has anyone put together a flowchart or checklist dealing with both the IRS and DOL requirements and any decisions to be made?

Late deferrals are such a pain!

[Belgarath]

You might check Sal's EOB. I haven't looked so I don't know, but this is the type of checklist/chart that he often includes in Chapter 15.

[Jim Chad]

I Received the new EO on Thursday and it did help. But I don't have enough brain cells to contemplate this much info at one time.

I need something like:

Step one: Put in missed deferrals:

Step 2 Decide whether or not to file under VFCP or self correct.

Advantages of VFCP and disadvantages:

a

b

c

Step ? calculate "missed" earnings

Step? Contribute lost earnings

Step 3: Decide whether or not to file 5330

Step 4 Put note in 5500 file to report this when completing current and possibly next year's 5500

Step ? Look at dates involved. Is it necessary to amend last year's 5500?