ac Posted December 3, 2012 Posted December 3, 2012 We have a take over plan where the employer deposited the accrued match contribution twice into the participant accounts. The result is that the employer contribution into each participants account exceeds his required match contribution. What is the remedy for this situation?
BG5150 Posted December 3, 2012 Posted December 3, 2012 Forfeit the excess w/ earnings? Money to be used to offset future contributions (not to pay fees). QKA, QPA, CPC, ERPATwo wrongs don't make a right, but three rights make a left.
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