DC Contribution made to DB account

[SSRRS]

Hi, 

Company has DB and DC (MP) Plans. They planned on making a db and DC contribution for the year ended 12/31/17. Inadvertently they deposited the DC contribution into the DB account (db plus dc contribution all went into db account, and was below DB Max). Can this be self corrected by transfering the money into the dc account? If yes, what if the transfer is made today, October 18th, as this is after 9/15?. Thank you

[C. B. Zeller]

What was reported on the Schedule SB?

[SSRRS]

Thank you, the SB reported only the DB amount (ie 250,000 were the total contributions to the DB account, 225,000 was listed on the SB and the 25,000 would be reported now on the DC 5500).

[C. B. Zeller]

I think you should be good in that case. The DC contribution was paid on time, i.e. segregated from the employer's general assets. It wasn't irrevocably designated as a minimum funding contribution for the DB plan (which it would have been if it had been reported on the schedule SB). So the fact that it was mistakenly deposited to the wrong investment account means you just need to move it back where it was supposed to be in the first place. Possibly adjusted for earnings.

[SSRRS]

C.B. Zeller, thank you very much for your help and efficient information.