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old SIMPLE / New 401k

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ER has sponsored a SIMPLE IRA for several years for company employees.

Final EE contributions for 2016 plan year deposited in 2016.

Started a 401k 1/1/2017.

Just found out now (8/2017) that the 2016 ER contribution to the SIMPLE has not yet been deposited.

Is this 401k still OK for 2017 since the SIMPLE deposit is for 2016, but being deposited in 2017?

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