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Posted

Small SH 401(k) plan (one MD, six NHCEs) had balance due for 2020 Safe Harbor match.  As of mid-2022, the 2020 SH match not deposited to plan (pooled account).  What options does the plan sponsor have to correct this?

Thanks.

Posted

Some years ago we had a plan with this situation and decided that, because it was a required contribution, it could be self-corrected by depositing the money now with earnings. I don't recall if there was a clear example like this in EPCRS or if it was a stretch.

Ed Snyder

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