Late 401(k) deposits and Form 5330

[Guest babs51]

When completing Form 5330 for interest on late deposits, is the date of correction on Form 5330, Part IX, Item 29© the date deposits were eventually made or date in which interest was deposited?

[RCK]

I've always showed the date that the interest waspaid. And the instructions say "correction is defined as undoing the prohibited transaction to the extent possible". Although not directly on point, I think it supports using the date that both the deposit and the interest are made.

RCK

[Guest tscher]

Which interest rate is used when calculating the interest on the late distribution?