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With regard to #26-29 above is there a danger of penalties or disqualification for either the defined contribution or welfare benefit plans?

April 26, 2017benefit contribution danger defined disqualification penalties plans regard welfare

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With regard to #26-29 above is there a danger of penalties or disqualification for either the defined contribution or welfare benefit plans?

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There is a 10% penalty for excess contributions above the IRC §415(c)(2) annual addition limit; if not corrected the penalty goes to 100%; if subsequently not corrected the DC would be disqualified.