Guest cascigm Posted July 13, 1999 Posted July 13, 1999 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 Posted July 13, 1999 Posted July 13, 1999 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.
david rigby Posted July 15, 1999 Posted July 15, 1999 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. I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
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