Employer behind depositing deferrals

[RayJJohnsonJr]

An employer fell behind in depositing employee deferrals into their 401(k) accounts. This was due to some employee turnover in the employer's accounting department and the problem has just now been recognized. The question is: What interest rate should the employer add to the employee deferrals due to the fact that are being made late?

Thank you,

Rene

[Tom Poje]

one usually acceptable method is by using the DOL calculator found at:

http://www.askebsa.dol.gov/vfcpcalculator/

[Belgarath]

Tom, your outfit brought to mind an excerpt from a compendium of classroom flubs, with a section on the Pilgrims that goes approximately like this:

The Pilgrims crossed the ocean, and this was knows as Pilgrims Progress. When they landed at Plymouth Rock, they were greeted by the Indians, who came down the hill rolling their war hoops before them. The Indian squabs carried porpoises on their back. Many Indian heroes were killed, along with their cabooses, which proved very fatal to them. The winter of 1620 was a hard one for the settlers. Many people died and many babies were born. Captain John Smith was responsible for all this.