Missed 401k Correction

[CLE401kGuy]

Participant's 4% election was stopped in the plan sponsor's payroll system 12/31/2009 - this was done in error.

In 2013, the participant realized that she was not having 401k withheld from her paycheck - so she's missed 4 years of elective...

Correction is 1/2 the elective as a QNEC + missed match + earnings

Anyone know of any limit of time that we need to go back here - from my viewpoint, it's the full history so we need to calculate 4% on all wages from 2010 to 2013 - determine missed match, half the elective missed is QNEC and fund with earnings

[BG5150]

Yep. All the way back.

[Tom Poje]

makes you wonder, "I had been deferring 4%, suddenly it stopped and I never noticed it on 4 years worth of W-2's"

and if it was non Roth, I never noticed the change in my paycheck, nor again when I filed my taxes.

[John Feldt ERPA CPC QPA]

And I never noticed that Grinch picture up there all this time either.

[GMK]

What Grinch, Pilgrim?