Excess 415 Limit short plan year corrections

Short plan year with 415 limit at $24k and comp limit at $120k.  Basic SH Match formula (100% of 3% and 50% up to 5%) = max match of $4800.

Employee's original comp = $278,913.71 with $19.397.03(6.95%) in deferrals and $11,156.55(4%) in match.  Exceeds 415 limit by $6553.58

Step 1:  Distribute unmatched elective salary deferral contributions (adjusted for earnings) to the affected participant.  Is this based of original comp of $278,913.71 or the pro rata comp of $120k ?  If it is original comp of $278,913.71, then reduce deferrals by 1.95% or $5438.82.

Step 2: Distribute elective salary deferral contributions (adjusted for earnings) that are matched, and forfeit related employer matching contributions (adjusted for earnings).  $1114.76 of excess still remains after Step 1.  Reduce deferrals by $557.38 and forfeit match by $557.38

If employee is eligible for catch up contributions, then no refunds of deferrals, only forfeiture of $557.38 of match.

With the forfeiture of $557.38 of match, this brings the match total down to $10,599.17.  Would I then reduce the match down to $4800 ?

Does this sound correct ?

Thanks in advance for the help.