Common use of Treatment of undercontributions to a SEP Clause in Contracts

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