MoShawn Posted June 5, 2013 Posted June 5, 2013 Here is the situation: A money purchase pension plan failed to make contributions for 2008 for a participant due to a payroll coding error. This was discovered in 2012 and corrected according to EPCRS. Auditor is suggesting that we may need to file Schedule G, Part III for Nonexempt Transactions. Is this correct? I have never before heard of a Sch G being filed for a case of missed contributions.
Belgarath Posted June 5, 2013 Posted June 5, 2013 I agree. And if you point this out to the auditor and the auditor disagrees, ask the auditor to provide an explanation, with citations, of how this is a nonexempt party in interest transaction.
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