Sue2
Aug 30 2002, 12:04 PM
While working on year end census, it was noticed that the client missed deferrals and match from a bonus paid. The definition of compensation includes bonuses. This client actually has bonuses thoughout the year (PYE 6/30/02) and all the others were deferred and matched. How would they correct? Should the client fund the missed deferrals on the ee's behalf along with the match?