Deposits & Deferrals

Correction Tools

Over the past several years, one Plan Sponsor made numerous deposit errors, along with late and/or missed deferral issues. We have worked with them each time to help them correct the deposits and calculate lost earnings using the most current IRS Employee Plan Compliance Resolution System (EPCRS) legislation in order to keep their plan compliant. We remain current on legislation so that we are equipped to help our clients when problems arise.

Step-by-Step Guidance

We assisted a client with the correction of an operational plan failure using the IRS Employee Plan Compliance Resolution System (EPCRS).

The employer failed to implement a deferral election for an employee. We were able to advise on the appropriate correction method and to calculate the amount that the employer needed to remit to bring the plan into compliance. We guided the employer through the correction process and notification to the affected employee.

Learn More About How We Can Help You

We are the largest, locally-owned Third Party Administrator (TPA) for Qualified Retirement Plans in Northern Indiana and one of only two CEFEX-Certified TPAs in the state.

Ask us how we can manage your retirement plan so you can manage your business.

Contact Us

260.484.0848

  • Twitter

©2019 by RPCSI.