How do I fix a missed 401k contribution?

In general, the correction of an MDO consist of five steps: Determine the amount the participant would have deferred had the error not occurred. This is the missed deferral opportunity (“MDO”). Calculate an employer Qualified Nonelective Contribution (“QNEC”) to compensate the participant for the MDO.

For More Information Please Refer: https://www.dwc401k.com/knowledge-center/missed-deferral-opportunities