Guest JWR Posted December 7, 2010 Posted December 7, 2010 I have a plan that has an operational failure under 401(a)(17). The error occurred in the 2009 plan year. What is the latest date that they can correct using the account reduction method? I know generally for a failed ADP/ACP test, we advise our clients to either refund or forfeit the excess by the end of the following plan year. We typically require a one-to-one correction after that time. I am looking for some written documentation that specifies the timeline for making corrections. I haven't been able to find anything definitive in EPCRS. Any help would be appreciated.
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now