Employer Contributions - Timing of Deposit

[Guest Stacey Potts]

I have two questions:

1. For a 12/31/10 plan year end, the employer must deposit a discretionary match by the due date of the tax return (including extensions) in order to be deductible for 2010, correct? If made after due date of tax return, then it would be deductible in 2011? Are 415 limitations affected if made in 2011?

2. For a 6/30/09 plan year end, can a profit sharing contribution still be made? Are there any deductibility or limitations issues at this point? It was an oversight by the employer - is there a correction method through VCP?

Thanks for any help!

[ESOP Guy]

This discussion thread should answer most of you questions.

I have looked for a MADITORY contribution there is a clear self correction method out there. But if it is a discresionary contribution as a practical matter the contribution becomes a current year employer contribution as far as I can tell if you get much past the deduction deadline.

http://benefitslink.com/boards/index.php?s...&hl=deposit

[austin3515]

I'm partial to this thread

http://benefitslink.com/boards/index.php?s...ic=47730&hl=