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Wrong Year Appeared in the Safe Harbor Notice That Went Out to Participants: How to Fix?
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July 24, 2018
Scenario: The safe harbor notice went out at the correct time prior to 2017 (November 2016). The information in the safe harbor notice was correct within the notice EXCEPT the notice was to apply to 2017, but the notice stated that it "applies to the plan year beginning 1/1/2016." In all other ways, other than the Plan Year identification, the information was correct. Can this be considered a typo/mistake of fact so that 2017 can be tested as a safe harbor plan? Should this be self-corrected by providing all the participants who should have received the notice stating for plan year beginning 1/1/2017 with a corrective employer contribution? Most of the employees are already making elective deferrals.

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