Prevailing Wage Plan - Due Date of Deposits

[Guest notapensiongeek]

Is the due date of wage rate contributions to a Prevailing Wage Plan on or before the extended due date of the company's tax return (e.g., September 15th for a calendar year corp) or is there a rule that says the deposits must be made on an ongoing basis within a few days of each payroll (like with 401(k) deferrals)?

Thanks!

[John Feldt ERPA CPC QPA]

I think the deposits for the prevailing wage contributions must be at least quarterly. True salary deferrals are due as as soon as possible.

[Guest notapensiongeek]

I checked the plan document and it doesn't specify how frequently the deposits must be made.

Let me know if you come with any citations on where I could find this.

Thanks!

[John Feldt ERPA CPC QPA]

http://benefitslink.com/boards/index.php?s...st&p=162517

[Guest notapensiongeek]

Thanks J4FKBC!!