401(k) correction payment and recovery
California Online Public Schools Central ValleyCalifornia- Detected
- Oct 13, 2026
- 21 days ago
- Sector
- Payroll and Pension
- Est. value
- Free account
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From the meeting
At its October 13, 2026 meeting, CalOPS asked to authorize management to pay 401(k) Plan corrections tied to audit findings. 23 in employer corrections for medical opt-out stipend payroll, and estimated investment gains of $40,000 to $50,000, with total approval not to exceed $160,000. Management was also authorized to recalculate 2024 matching and recover an estimated $200,000 in overpaid match.
Empower is already processing the correction files, so the remaining value is in administration, recalculation, and follow-through.
- Meeting date
- October 13, 2026
- Agency
- California Online Public Schools Central Valley
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When will California Online Public Schools Central Valley issue an RFP for this project?
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