DOL issues final rule on safe harbor period

[cdavis25]

I see they gave small Plans 7 business days to remit deferrals. What is the rule for large Plans? Is it 2 business days or just the vague DOL reg of ASAP but not later then the 15th day of the month following?

[Madison71]

Nothing has come out on the large plans - there has been discussion of making it less than 7 business days though. Until then its still as soon as administratively feasible.....

[austin3515]

I don;t know if I would say nothing has come out on the large plans. The preamble to the final regs made it very clear that nothing would be coming for the large plans, despite several comments. Their concern clearly is that the larger companies, to improve cash flow, would simply wait utnil the end of the safe harbor period. I think they gave a few other reasons, as well.