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2022 SH contribution not deposited yet (2024) - how to fix?


M Norton

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Due to some issues with the plan sponsor, we are just now working on the 2023 contributions and allocations.  We discovered that the 2022 Employer Safe Harbor contribution was never deposited to the plan.  What options are available to fix this?

Thanks.

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I believe this would fall under the newly expanded self-correction procedures for operational failures corrected within 2 year. I believe the fix would be to make the missed contributions along with earnings. But you can check the latest EPCRS IRS notice.

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