"A 401k plan auditor found an error in a client's calculation of compensation. The auditor discovered the error and went back one year and found that the error occurred in the prior year as well. We are trying to assess how far back the error goes. (But the substance of the error is not what my question is really about.)

"In the meantime, the auditor will not release the audit for 2023. They are being particularly stubborn about it. The employer has filed its 5500s without the audit for 2023, but we do need to re-file with the audit report. In addition, the new auditor for the 2024 cannot finalize its report without an ending number for 12/31/2023.

"Any advice for convincing the auditor to release its 2023 audit with a footnote? In addition, any thoughts on filing a 5500 while a plan sponsor is in the midst of a correction? Wouldn't the employer be excused from any perjury claims under DOL rules because the information was accurate before the correction is made?"

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"I simply cannot remember my resource as it is a number of years, or maybe it's just the 5500 instructions themselves, but I had understood that the Characteristic Code 4L was for Business Travel Death Benefits and that AD&D uses 4Q for Other Benefits. I'm curious how other professionals record that?"

"I am seeking clarification on when deemed Roth should cease to apply. The final regulations are clear that deemed Roth would cease to apply when a participant is no longer subject to the requirement because their box 3 FICA wages fall below the indexed threshold on either their original or corrected W-[2] Is there a requirement to revert a deemed Roth election back to the prior pre-tax election every 1/1 and/or after the Roth catch-up requirement is fulfilled?"