As communicated in the July 23rd UCPath Biweekly Newsletter, UCPath Center discovered an issue involving missing voluntary retirement savings deductions on employees’ final paychecks that were issued from February 1, 2025, to July 2, 2025.
In accordance with Internal Revenue Service (IRS) guidelines, UC will correct this by making a Qualified Nonelective Contribution (QNEC), plus any applicable earnings, through the date of deposit for the plan(s) listed below: