401 Chaos Posted May 27, 2011 Posted May 27, 2011 Was thinking I had seen this issue covered before but cannot find a discussion of it now. Situation involves recordkeeper error in transferring funds to the wrong investment option. Error is discovered and funds are transferred to correct fund in fairly short order. While invested in the wrong fund, participants accounts earned more than if they had been invested in the correct fund. Is there anything to be done about this? Does it matter how much is involved or whether any of the participants are HCEs? In this case all the amounts that went in were correct, the excess amounts simply came from earnings so not the case that anybody else's account was harmed or that testing should be impacted, etc.
401 Chaos Posted June 2, 2011 Author Posted June 2, 2011 36+ views and no replies. Can I assume then that everybody is in agreement that there is no real problem or harm to be corrected here? Thanks
Archimage Posted June 3, 2011 Posted June 3, 2011 I would agree. I would not do anything else to correct.
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