Top-Heavy correction

[Guest cascigm]

I have a plan which has one participant who was mistakenly skipped over for t-h min. in 1996 and 1997. How do you correct.

[Guest Mike Kimball]

You should figure out the amount of the contribution, add the "gain" that the contributions would have earned from the date they originally should have been contributed, then add that amount to the participant's account.

[Guest cascigm]

Treat as non-deductible contribution for er?

[david rigby]

If there is more than one plan in a T-H aggregation group, then the first thing to do is read the documents to determine which plan is responsible for the T-H accrual.