401(k) deferrals and SH Match based on wrong compensation

[rodin011]

Plan docs do not exclude bonuses from definition of compensation. Deferrals and SH were based on compensation that excluded bonuses, some of them quite substantial.

Can this be "fixed" according to the "missed deferral opportunity" rules? And if so, how must the lost earnings be calculated? Any citations?

And can Employer simply contribute the lost deferrals and match without submission through one of the compliance programs?

Thanks for help.

[Guest retirement planner]

Plan docs do not exclude bonuses from definition of compensation. Deferrals and SH were based on compensation that excluded bonuses, some of them quite substantial.

Can this be "fixed" according to the "missed deferral opportunity" rules? And if so, how must the lost earnings be calculated? Any citations?

And can Employer simply contribute the lost deferrals and match without submission through one of the compliance programs?

Thanks for help.

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401k provides an excellent replacement for lost the IRA deduction.

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401k Retirement Plans