Delayed Investment of Employee Deferrals

[Guest Golden401k]

Let's say the employer remitted a payroll contribution to the plan timely, but failed to provide a breakdown for 14 days. Does the employer owe lost earnings to the participants? What's the rule?

Thanks,

[Lou S.]

The rule is on remitting to the plan, not on allocating to participants.

[Mike Preston]

But there are other rules that govern fiduciary conduct.