BEGIN:VCALENDAR PRODID:-//Microsoft Corporation//Outlook 16.0 MIMEDIR//EN VERSION:2.0 METHOD:PUBLISH X-MS-OLK-FORCEINSPECTOROPEN:TRUE BEGIN:VTIMEZONE TZID:Eastern Standard Time BEGIN:STANDARD DTSTART:16011104T020000 RRULE:FREQ=YEARLY;BYDAY=1SU;BYMONTH=11 TZOFFSETFROM:-0400 TZOFFSETTO:-0500 END:STANDARD BEGIN:DAYLIGHT DTSTART:16010311T020000 RRULE:FREQ=YEARLY;BYDAY=2SU;BYMONTH=3 TZOFFSETFROM:-0500 TZOFFSETTO:-0400 END:DAYLIGHT END:VTIMEZONE BEGIN:VEVENT CLASS:PUBLIC CREATED:20221208T194936Z DESCRIPTION:If you sponsor a 401(k) plan\, and failed the annual non-discri mination test\, and are not an eligible automatic contribution arrangement plan (EACA):\nSubmit the Corrective Measures for Contribution (https://a baretirement.com/wp-content/uploads/2021/05/14-CorrectiveMeasuresforContri butions.pdf) to distribute any excess contributions and excess aggregate c ontributions which resulted from the failure. Failure to do so will incur a 10% excise tax on the contributions which were not timely distributed. \ n \nResources:\n* Electronic Plan Administrator Guide (ePAG) at abaretirem ent.com/ePAG \n* Plan Administrator B ulletin at abaretirement.com/PAbulletin \n* Participant Engagement Financial Wellness Resources Site http s://presents.voya.com/Content/Delivers/paresources/\n \n DTEND;TZID="Eastern Standard Time":20230315T093000 DTSTAMP:20191119T161543Z DTSTART;TZID="Eastern Standard Time":20230315T090000 LAST-MODIFIED:20221208T194936Z PRIORITY:5 SEQUENCE:0 SUMMARY;LANGUAGE=en-us:Submit the Corrective Measures for Contribution Form TRANSP:OPAQUE UID:040000008200E00074C5B7101A82E00800000000604460FEC79ED501000000000000000 010000000680EDB6F15D093488D4DF1EA5313E8ED X-ALT-DESC;FMTTYPE=text/html:

If you sponsor a 401(k) plan\, and failed the annual non-discrimination test \, and are not an eligible automatic contribution arrangement plan (EACA):

Submit the Corrective Measures for Co ntribution  (https://abaretirement.com/wp-content/uploads/2021/05/14-Correctiv eMeasuresforContributions.pdf) to distribute any excess contributions and excess aggregate contributions which resulted from the failure. Failur e to do so will incur a 10% excise tax on the contributions which were not timely distributed.

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Resources:

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