Due date for Employer Matching Contributions

[MarZDoates]

Employer's tax year is calendar year. They sponsor a 401(k) Plan with a plan year of July 1 through June 30. When would the matching contribution be due for plan year ending June 30, 2002? I assume they would be due by the employer's filing deadline (including all extensions). Is that correct and can anyone point me to the correct citation to back it up?

[MWeddell]

Sounds right. Look at Code Section 404(a)(6) to support your position.

[E as in ERISA]

404(a)(3) provides the contribution is deductible for the employer's taxable year ending with or within the trust's taxable year. 404(a)(6) provides the contribution is deemed made on the last day of the employer taxalbe year if made on account of that taxable year and not later than the date for filing the return (including extensions). Note that there are special timing rules for 401(k) (and match, too, if I recall correctly). The contribution can't be made on account of compensation earned after the end of the employer's taxable year.

[Guest Boilerburm]

Katherine is right on point - look at recently released Rev Ruling 2002-46 for an example that mirrors your situation very well. This addresses contributions and the compensation on which they are based.