Missed Deferrals... Provide a notice?

[Basically]

So it has been discovered that payroll did not make the percentage change for 2 participants. Both participants increased their deferral contribution but the increase never happened. As a result we need to make the monetary correction on each participant's behalf.

My question is... do we need to give these 2 participants a notice stating what we are doing to correct the issue? If so, does anyone have an example?

Thanks

[John Feldt ERPA CPC QPA]

If you want the QNEC relief described in Revenue Procedure 2015-28, then a notice is needed. See pages 5 - 10.

https://www.irs.gov/pub/irs-drop/rp-15-28.pdf