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SIMPLE IRA - over and under matching contributions


rblum50

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Given a SIMPLE IRA with a 3% matching contribution. Here's the situation:

1. Plan has owner and 2 employees

2. In 2012 owner deposited <3% for himself when he should have received 3%. The correction for the owner would be an additional $202.

3. In 2012 owner deposited >3% for employee who should have received 3%. The correction for the employee should be -$283.

1. Given that these corrections are somewhat de minimus, could we just adjust the 2013 contributions to wash out these differences?

2. Is it necessary to correct these errors through one of the IRS correction programs to avoid qualificiations problems in the future?

Thanks for the help

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