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Full Version: Oops! Someone forgot to tell payroll about auto enrollment!
BenefitsLink Message Boards > Retirement Plans > 401(k) Plans
Rider
Plan Sponsor rolls out a 401(k) with 2% auto enrollment and a match, but the only salary deferrals actually contributed are for the employees that completed forms to have a greater amount withheld.

The participants who made no election have had no salary deferrals and thus no match.


I have not found any self correction procedures for auto enroll. What's the best course of action to correct?
401_4_ever
I ran into this and treated it as an exclusion of eligible employees, for which there is correction methods.
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