austin3515 Posted January 10, 2003 Posted January 10, 2003 HAve a client who had a bunch of problems with their payroll provider. As a result, a bunch of deferrals were not deposited until a few months after the end of the Plan Year, when they had a chance to do a reconciliation. Can we still say that the "amount involved" is just the interest that we gave participants as a result, the same way you could if it was 15 or 20 days late? Thanks, Austin Powers, CPA, QPA, ERPA
E as in ERISA Posted January 10, 2003 Posted January 10, 2003 Yes. But now you have to report the problems in both years.
RCK Posted January 10, 2003 Posted January 10, 2003 Note however that the 5330 Excise Tax filing is based on the Tax Year of the filer, not the Plan Year.
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