{
  "id": "EXC_EXCESS_CONTRIBUTION_CORRECTION",
  "name": "Correction of Excess Plan Contributions",
  "category": "deduction",
  "jurisdiction": "federal",
  "eligibility_type": "opportunity",
  "eligibility": {
    "description": "Available to employers maintaining 401(k), 403(b), SEP, or 501(c)(18) plans that exceed annual contribution limits.",
    "requires_entity_type": null,
    "min_age": null,
    "max_age": null
  },
  "parameters": {},
  "entity_specific": false,
  "entity_types": null,
  "conflicts": [],
  "actionability": {
    "retroactive_status": "deadline_passed",
    "retroactive_note": "Action required during tax year — verify if still applicable",
    "forward_status": "available"
  },
  "description": "Avoid a 10% excise tax on excess 401(k) or SEP contributions by distributing the excess amounts and allocable income within 2.5 months (or 6 months for automatic contribution arrangements) after the plan year ends.",
  "irc_reference": "IRC §4979",
  "deadline": "",
  "savings_potential": "medium",
  "benefits": "employer",
  "discovered_by": "discovery_engine_v1",
  "calculator_implemented": false
}