Guest fidelityrose Posted May 13, 2010 Posted May 13, 2010 Due to an administrative payroll system error on one pay period only double the amount of salary deferrals were withheld from Participant paychecks. What are the appropriate correction alternatives? Is it acceptable to not withhold employee deferrals on next payroll to correct the error? Do the extra deferral amounts need to be removed from plan and if so by what method? Any suggestions are appreciated.
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