TPA Bob Posted January 26, 2019 Posted January 26, 2019 Plan document calls for safe harbor matching contribution to be determined on a payroll v payroll basis (with no true up). True up calculated for 2016 and 2017 and deposited by Plan Sponsor. How do we correct? We were going to forfeit the excess amount due to true up with earnings and file under EPCRS. Anyway to avoid this? Suggestions greatly appreciated.
Luke Bailey Posted January 28, 2019 Posted January 28, 2019 If you don't want to forfeit the amounts (which of course has potential HR fallout), you can amend plan retroactively to include the true-up and file that under VCP. Luke Bailey Senior Counsel Clark Hill PLC 214-651-4572 (O) | LBailey@clarkhill.com 2600 Dallas Parkway Suite 600 Frisco, TX 75034
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