30Rock Posted October 3, 2014 Posted October 3, 2014 I have a plan that missed a group of employee's deferrals. They have now deposit the missed deferrals - the principal amount. Is there a deadline to deposit the earnings? I know that earnings must be calculated and contributed on the late deposit, but don't earnings continue to accrue on earnings until the final payment is made? Thanks!
BG5150 Posted October 3, 2014 Posted October 3, 2014 yes. the DOL calculaor does a good job on the interest and the interest on the interest. QKA, QPA, CPC, ERPATwo wrongs don't make a right, but three rights make a left.
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