Santo Gold Posted February 27, 2012 Posted February 27, 2012 We have a small 3 person 401k plan. Husband and wife are owners with one other eligible NHCE. The plan year and fiscal year are calendar. Can the 2 owners delay depositing their personal 2011 401k contributions into the plan well into 2012? I know that sole props and partnerships have until 4/15 ((I think) to make that deposit, or at least until their income for the year is determined. Does something similar hold for S-Corp owners? Thanks
rcline46 Posted February 27, 2012 Posted February 27, 2012 For 401(k) amounts, absolutely not for S Corp owners. Deferrals for W-2 income must come from payrolls.
cpc0506 Posted February 27, 2012 Posted February 27, 2012 We have a small 3 person 401k plan. Husband and wife are owners with one other eligible NHCE. The plan year and fiscal year are calendar. Can the 2 owners delay depositing their personal 2011 401k contributions into the plan well into 2012? I know that sole props and partnerships have until 4/15 ((I think) to make that deposit, or at least until their income for the year is determined. Does something similar hold for S-Corp owners?Thanks Definition of compensation for S-Corp is w-2 earnings. Cannot use any K-1 earnings. So 401k should have been withheld from payrolls.
K2retire Posted February 27, 2012 Posted February 27, 2012 We have a small 3 person 401k plan. Husband and wife are owners with one other eligible NHCE. The plan year and fiscal year are calendar. Can the 2 owners delay depositing their personal 2011 401k contributions into the plan well into 2012? I know that sole props and partnerships have until 4/15 ((I think) to make that deposit, or at least until their income for the year is determined. Does something similar hold for S-Corp owners?Thanks Definition of compensation for S-Corp is w-2 earnings. Cannot use any K-1 earnings. So 401k should have been withheld from payrolls. And deposited to the plan within a few days of the payroll.
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