Tom Poje Posted August 14, 2002 Report Share Posted August 14, 2002 A participant had deferrals deducted from the paycheck for around 2 years. Unlike all other particpants, this money never made it to the IRA, no one knows for sure what happened, possibly the $ ended back into the company itself. Granted it is not a qualified plan, what is the correction? Do you simply deposit the amount that was deducted (it is known from the W-2s), plus the match and put it in a SIMPLE IRA. How would you calculate earnings? Penalty for failure to timely deposit the deferred amounts? thanks! Link to comment Share on other sites More sharing options...
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!Register a new account
Already have an account? Sign in here.Sign In Now