Guest Twinky Posted March 20, 2007 Posted March 20, 2007 I have an interesting situation with one of my brokers. Everything goes through him and I am considered a "ghost". Not only that, but getting information is quite something. I only get the information once a year, and several months after the year end at that. The broker just informed me that the client's 2005 Safe Harbor contribution was not completely deposited...even as of today. They were a few hundred short of depositing all of the 2005 Safe Harbor contribution. My question is...What will need to be done? First and foremost is to get the money deposited. This I know. Do they then owe the 10% excise tax? Would fair market adjustments need to be applied on that money? Thank you for any help you can provide.
WDIK Posted March 20, 2007 Posted March 20, 2007 The handy-dandy search feature provided in these forums frequently yeilds interesting results such as the following. http://benefitslink.com/boards/index.php?showtopic=30050 ...but then again, What Do I Know?
Guest Twinky Posted March 21, 2007 Posted March 21, 2007 Thank you WDIK! I was trying to find something in the "search forum", but I didn't have the luck you did.
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