ER Late Participant Loan

[Guest LKeener]

Is there a site/reg/FAQ regarding how to deal with employers who submit participant loan payments two or three months after withheld from the paycheck? Correction for this? Interest lost? Guidance on the maximum time the employer may hold until submission? Regardless of what type of plan? Thanks!! I understand the loan payments are subject to same deposit timing rules as salary deferral, based on K@retire. Thank you. What is the cure if this hasn't happened? Where is this sited so that I can provide to the plan sponsor?

[K2retire]

Loan payments withheld from payroll are subject to the same deposit timing rules as salary deferrals.