Thanks for your reply. My company has no measures in place to prevent EE from setting the contribution amount too high or stop more money from going into the 401(k) once EE has contributed the maximum. EE is on their own. I found out the hard way so here I am, asking for help . I got this form CORRECTIVE DISTRIBUTION REQUEST . On the form, it has the box EARNINGS to check if I want the plan to calculate Plan Year and applicable GAP -Period earnings for this and all future Corrective Distributions.
My question is should I check this box? Hope you or someone knows about this box and can explain for me to understand. My HR person is unable to help me . He has no clue like me since it is new to him too !
thank you
