Full Version: Can you correct plan failure after plan termination
Defined benefit plan terminated effective 1/1/09. Plan recently received favorable EGTRRA determination letter and elected not to file 5310 with IRS. It has now been discovered that plan failed to include about 20 employees in the plan. Plan wants to correct by making a contribution on behalf of said employees. Can this be done under EPCRS?
QUOTE (Gudgergirl @ Aug 31 2009, 09:53 AM) 
Defined benefit plan terminated effective 1/1/09. Plan recently received favorable EGTRRA determination letter and elected not to file 5310 with IRS. It has now been discovered that plan failed to include about 20 employees in the plan. Plan wants to correct by making a contribution on behalf of said employees. Can this be done under EPCRS?
Never mind. I found my answer (the answer is yes - Rev Proc 2008-50 Section 4.08)
Duplicate thread. See http://benefitslink.com/boards/index.php?s...st&p=185971
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