Common use of Treatment of undercontributions to a SEP or a SIMPLE IRA Plan Clause in Contracts

Treatment of undercontributions to a SEP or a SIMPLE IRA Plan. (a) Make-up contributions; earnings. The Plan Sponsor should correct undercontributions to a SEP or a SIMPLE IRA Plan by contributing make-up amounts that are fully vested, adjusted for earnings credited from the date of the failure to the date of correction.

Treatment of undercontributions to a SEP or a SIMPLE IRA Plan. (a) Make-up contributions; earnings. The Plan Sponsor should correct undercontributions to a SEP or a SIMPLE IRA Plan by contributing make-up amounts that are fully vested, adjusted for earnings credited from the date of the failure to the date of correction.

Treatment of undercontributions to a SEP or a SIMPLE IRA Plan. (a) Make-Make- up contributions; earnings. The Plan Sponsor should correct undercontributions to a SEP or a SIMPLE IRA Plan by contributing make-up amounts that are fully vested, adjusted for earnings credited from the date of the failure to the date of correction.