BG5150 Posted April 20, 2021 Posted April 20, 2021 Employer missed the SH match for several employees in 2020. Most of the other employees were ok. It is a payroll-based SH Match, and therefore, the contribution must be made no later than the end of the quarter following the quarter in which the deferrals were taken. Did they just blow the SH protection for both ADP/ACP tests and Top Heavy? QKA, QPA, CPC, ERPATwo wrongs don't make a right, but three rights make a left.
Belgarath Posted April 20, 2021 Posted April 20, 2021 Nah. It's an operational failure. Just correct under SCP. Luke Bailey and Bill Presson 2
John Feldt ERPA CPC QPA Posted April 21, 2021 Posted April 21, 2021 And add missed earnings as part of that correction.
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now