MarZDoates Posted May 30, 2019 Posted May 30, 2019 Plan sponsor terminated their SIMPLE IRA plan 12/31/18. They started a new 401(k) effective 1/1/19. Employer just now realizing they missed depositing SIMPLE deductions/deferrals for payrolls occurring in December, 2018. Will it violate the exclusive plan rule to deposit the SIMPLE deferrals now (in 2019) along with lost earnings? I'm thinking "no" because we are correcting late deposit of deferrals for 2018. I'm probably overthinking as usual. Any input greatly appreciated!! QPA, QKA
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now