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5330 for Lost Earnings on Late 401(k) Deferral Deposit -- Is There a De Minimis Exception?
BenefitsLink Message BoardsLink to more items from this source
July 30, 2021

"I just did the calculations and the participant gets $3.25. They will make the deposit into the account for late deposits. At 15%, the penalty is 49 cents. Is there any requirement to File a Form 5330? This seems so ridiculous."

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