Contribution Deadlines

[Guest RJM]

Is the following information accurate?

"When Contributions are due:"

1. Payroll deducted amounts, including 401(k) & 403(B) Elective Deferrals, After-Tax Employee Contributions (and loan repayments) are due as soon as they can be deposited to the Trust Fund. (Section 125 "payments'?)

2. Safe Harbor Matching Contributions, calculated on a basis other than annual, are due no later than the end of the plan year quarter following the quarter in which they are calculated.

3. Defined Benefit and Money Purchase Pension Plan contributions are due 8 ½ months after the end of the Plan Year.

4. Profit Sharing Contributions and non-Safe Harbor Matching Contributions are due by filing date of the Employer's tax return, including extensions. Corporations, Partners and Sole Proprietors have different extension periods although Partners and Sole Proprietors end up at the same deadline (Oct 15).

5. Qualified Matching Contributions and Qualified Non-Elective Contributions, used to solve ADP/ACP/MUT testing failures are due by the end of the Plan Year following the end of the Plan Year tested.

End.