"[DOL] regulations require that all retirement plans deposit participant contributions to the trust account of such plan as soon as the money can reasonably be segregated from the employer's assets, but not later than the 15th business day of the following month. Many employers mistakenly believe that the rule means the later of those two events but, in fact, the DOL has always interpreted this rule to require that such amounts be contributed as of the earlier of the two possibilities.... Penalties for noncompliance are severe, and do not require an audit by the IRS or DOL to be detected."  MORE >>