AKconsult Posted March 7, 2017 Posted March 7, 2017 How do we correct the situation where the plan sent out QDIA notices, but people were not defaulted to the QDIA. Instead, people were defaulted to a fixed fund. What do we have to do to correct this? Thanks!!
Bill Presson Posted March 7, 2017 Posted March 7, 2017 Have the recordkeeper transfer the money to the QDIA and correct the earnings. Lou S. 1 William C. Presson, ERPA, QPA, QKA bill.presson@gmail.com C 205.994.4070
K2 Posted March 7, 2017 Posted March 7, 2017 I agree with Bill. The ER may end up making a contribution for the earnings if it was their fault. If the RK screwed up, they should make up the lost earnings. hr for me and K2retire 2
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