nerd-party-administrator Posted March 9, 2020 Posted March 9, 2020 Facts: - SH plan. - HCE had deferrals deducted and never deposited to the plan. - It's march of the following plan year and the deposit has still not been made. Is this just a matter of funding with missed earnings or would greater compliance measures need to be taken?
BG5150 Posted March 10, 2020 Posted March 10, 2020 I would just correct it normally. QKA, QPA, CPC, ERPATwo wrongs don't make a right, but three rights make a left.
Mike Preston Posted March 11, 2020 Posted March 11, 2020 14 hours ago, BG5150 said: I would just correct it normally. So, that would be a yes?
BG5150 Posted March 11, 2020 Posted March 11, 2020 7 hours ago, Mike Preston said: So, that would be a yes? There was no yes or no question. It was an either/or to some degree. To expand on my answer: I don't think that an greater compliance measures need to be taken just because this was an HCE. I would certainly take steps to enhance the procedures to make sure this doesn't happen again. Luke Bailey 1 QKA, QPA, CPC, ERPATwo wrongs don't make a right, but three rights make a left.
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