My plan failed the ADP compliance test; how and when are corrections made?

If your plan fails the Actual Deferral Percentage (ADP) compliance test, generally, your company will be able to choose 1 of 2 corrective action options: 

A task will be available on your Guideline administrator dashboard in late Q1 to select your desired corrective action. The task will outline the exact dollar amounts for each option, by individual. If you choose to refund excess contributions to HCEs, checks will be mailed to the affected participants in the  weeks following your completion of the task. These employees will receive an IRS Form 1099-R in the following year for tax filing purposes.

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