Santo Gold Posted August 8, 2017 Posted August 8, 2017 ER has sponsored a SIMPLE IRA for several years for company employees. Final EE contributions for 2016 plan year deposited in 2016. Started a 401k 1/1/2017. Just found out now (8/2017) that the 2016 ER contribution to the SIMPLE has not yet been deposited. Is this 401k still OK for 2017 since the SIMPLE deposit is for 2016, but being deposited in 2017?
CuseFan Posted August 8, 2017 Posted August 8, 2017 Agreed - it is tax year that is relevant, not the year of deposit. Kenneth M. Prell, CEBS, ERPA Vice President, BPAS Actuarial & Pension Services kprell@bpas.com
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