Regional Vice President of Sales The Retirement Plan Company
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Department of Labor Proposes '7-Business Day Safe Harbor' for Depositing Contributions to Small ERISA Plans
Deloitte via BenefitsLink.com [Guidance Overview] Mar. 11, 2008
Excerpt: The safe harbor offers much needed certainty for eligible employers and their plan fiduciaries who seek to comply with the timing requirement for depositing participant contributions. Given the potential liability facing employers and fiduciaries for 'guessing wrong' under the general rule, the Department of Labor seems justified in its conclusion that a substantial number of eligible employers will seek to use the safe harbor.
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