Alex Daisy Posted February 11, 2015 Posted February 11, 2015 Does anyone have any insight into what remedies a Plan Sponsor has under the VCP for not making the Safe Harbor contribution as specified in the Plan Document for a 4 year period? In addition, the ADP test was not preformed and the Plan is Top Heavy.
Lou S. Posted February 11, 2015 Posted February 11, 2015 Does anyone have any insight into what remedies a Plan Sponsor has under the VCP for not making the Safe Harbor contribution as specified in the Plan Document for a 4 year period? In addition, the ADP test was not preformed and the Plan is Top Heavy. Trifecta! I believe the VCP remedy is to make all the missed contributions with interest to make participants whole and submit a VCP application with the correction.
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