CJS07 Posted June 4, 2014 Posted June 4, 2014 First time I have a Plan that did not start 401(k) deferrals for 2 employees. The Company put in a QNEC contribution for the 2 employees. Would the QNEC amounts be considered late deferrals for purposes of Form 5500-SF question 10a? Or would the QNEC itself take care of the issue? TIA
TPAMan Posted June 4, 2014 Posted June 4, 2014 If the deferrals were never withheld from pay, then there can be no late deposit.
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