401k Contribution Deadline for Small Business Owners
filed in Tax Tips on Apr.01, 2010
When the Department of Labor (DOL) has jurisdictional authority over a 401(k) plan, salary deferrals should be separated from the employer’s assets and deposited in trust as soon as administratively feasible. For plans with fewer than 100 participants, the DOL has proposed a safe harbor deposit deadline of seven days from the date of deferral. [...]