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Corrective Distribution Packet Use this form to withdraw excess deferrals/contributions as a result of the plan\'s annual compliance testing. Employer / Plan Informational NameEmployer Nonparticipant
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Clearly outline the behavior or action that led to the consequences
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Make sure to communicate the consequences clearly and concisely to the participant

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Consequences to a participant refer to the repercussions or outcomes that affect an individual involved in a particular situation or event.
The person or entity responsible for managing the situation or event is required to file consequences to a participant.
Consequences to a participant can be filled out by documenting the details of the situation, the participant's involvement, and the resulting outcomes.
The purpose of consequences to a participant is to hold individuals accountable for their actions and communicate the impact of their behavior.
The information reported on consequences to a participant should include details of the situation, the participant's role, the consequences imposed, and any follow-up actions taken.
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