Late Top-Heavy Contribution

[Guest SSCARO]

I have a 401k client whose prior administrator advised him to make a top-heavy minimum contribution no later than September 15, 1999. It has just been made.

What needs to be done about the late contribution?

[John A]

Topics related to this issue have been discussed on these message boards before. I'd sugggest doing a search using "top heavy contribution deadline" or "late top heavy minimum contribution". However, my short answer would be that you need to be careful about checking deduction limits and timing.