Forward 401(k) contributions on time … or else — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily
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Forward 401(k) contributions on time … or else

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The Labor Department is putting new teeth into its rules that require employers to deposit employee 401(k) contributions by the 15th business day of the month following the month in which the employee contributions are made. Labor has begun requiring 401(k) plan auditors to review the timing of employer deposits and confirm that they've been made on time. One slip-up can trigger excise taxes.

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