BG5150 Posted July 30, 2019 Posted July 30, 2019 Company had SIMPLE IRAs for their EEs in 2017 & '18. There were deferrals (one in '17 and one in '18) that were withheld but not sent to the IRAs. The IRAs are closed (they still exists, but no new money is being contributed) Company has 401(k) Plan for 2019. Most of the people still have the IRAs as they are waiting to roll the money into the K plan. One person cashed theirs out. They are small amounts, less than $50. I'm guessing they need to deposit the amounts to the existing IRAs. What about the one who closed theirs? QKA, QPA, CPC, ERPATwo wrongs don't make a right, but three rights make a left.
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