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5330 related for lost earnings on late 401k deferral deposit - is there a minimum?


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I just did the calculations and the participant gets $3.25. They will make the deposit into the account for late deposits.

@15%, the penalty is 49 cents.

Is there any requirement to file 5330?

This seems so ridiculous.

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I just prepared Form 5330, where the penalty is less than the cost of the stamp. I agree, it is ridiculous. How must will it cost the IRS employee to process a payment of 19 cents!

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