Guest RPSS Posted June 6, 2001 Report Share Posted June 6, 2001 An employer maintains a SIMPLE-IRA. For the last year, the employer has withheld SIMPLE-IRA salary deferrals from the employees' paychecks, however, the employer did not forward these contributions to the SIMPLE-IRA. Rather, the employer erroneously maintained these assets in a "holding account." Upon discovery of their error, the employer would like to take the necessary steps to remedy their error. What should be done to rectify this situation? Link to comment Share on other sites More sharing options...
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