Nicholas Pension Consultants
Compensation Strategies Group, Ltd.
Nova 401(k) Associates
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|Delinquent Remittance of Employee HSA Contributions|
BenefitsLink Message Boards
Apr. 22, 2021
"What are the consequences of an employer failing to timely deposit employee contributions into employees' HSAs? According to DOL FAB 2006-02, 'employers who fail to transmit promptly participants' HSA contributions may violate the prohibited transaction provisions of section 4975 of the Code.' I can find nothing more definitive. Anybody else?"
|Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the link above).|
|An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).|