In the last webcast of this three-part series, we will discuss the more technical provisions and use examples to show how corrections can be made retroactively by the employer.
In other words, this is the “clean-up” time and employers should use this to their advantage! This is their one and only shot at corrections through the restatement process.
Learning Objectives: Be able to discuss with employers:
- Corrections of errors/failures that the employer knows were never a part of the plan document
- Fixing the plan where amendments were not made, e.g., Roth deferrals were added in 2012, but the plan was never amended
- Fixing prior plan document failures where there was no plan adopted for 2009!
Speaker: Susan D. Diehl, QPA, President, PenServ Plan Services, Inc.
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