I mentioned the late rollover to an IRA under the assumption that the employer would not be taking any corrective action. Rev. Proc. 2020-46 also applies to late rollovers to a 401(k).
I was just reviewing the details of this thread. Are you sure that you were misclassified? As I understand it, an employee would be an HCE in 2023 if their 2022 compensation exceeded $135,000.
With regard to revocation, what I see is in regard to revocation of the election to include the requirement that to be an HCE the employee must be in the top 20% of compensation, not revocation of the HCE status of any particular employee.
