Bates & Company |
Retirement Plan Relationship Manager ERISA Services, Inc. |
Central Pension Fund of the IUOE |
Defined Benefit Calculation Specialist/Actuary The Angell Pension Group, Inc. |
Benefit Associates, Inc. |
DPS Retirement Plan Consultant EPIC Retirement Plan Services |
Nicholas Pension Consultants |
Compass Retirement Consulting Group, Inc. |
United 401(k) Plans, Inc. |
Retirement Plan Legal Specialist Pentegra |
Central Pension Fund of the IUOE |
Carpenter Morse Group |
Nova 401(k) Associates |
Trucker Huss, A Professional Corporation |
Prime Pensions, Inc. |
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
| |
<< Previous news item | Next news item >>
Company Owner's Deferrals Didn't Get Into the Plan's Trust -- Correction Still Required? BenefitsLink Message Boards ![]() Sept. 10, 2021 "I have a plan that has 3 participants and only the owner defers. During 2020 and part of 2021 there was a mess up at the payroll company and the salary deferrals were not deposited into the 401(k) account at all. The deferrals were withheld from each payroll, just not deposited. Because this only affects the owner, is it necessary for him to pay lost earnings to himself, and then is it further necessary to file a Form 5330 for him in order to pay penalties for himself?" |
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). |