Check System
Send us your comment!

Your comment will be read by our web staff, but will not be published.

Please do not enter any personal information. Your comment is voluntary and will remain anonymous, therefore we do not collect any information which would enable us to respond to any inquiries.

However, provides a How to Contact the IRS page where you will find guidance on where to submit specific questions.

Share this presentation
Copy and paste the following URL to share this presentation
To email a link to this presentation, click the following:
This program writes a small 'cookie' locally on your computer when you set a bookmark.
If you want to utilize this feature, check the following checkbox. Otherwise, bookmarks will be disabled.
This is an IRS
audio presentation.

To view this page, ensure that Adobe Flash Player
version 10 or greater is installed.

Get Adobe Flash player

Many plan sponsors run into trouble by not timely depositing employee elective deferrals into the plan.

The employer is responsible for depositing elective deferrals to the plan's trust on the earliest date that the employer can reasonably segregate the amount from the employer's general assets.

IRS rules require that you make the salary deferral contributions no later than 30 days following the month in which you withheld the deferrals from the employee's salary.

Many plans contain specific provisions as to when the employer has to make the deposit.

If the employer fails to deposit the money by that time, the plan may become disqualified.

An employer should review the plan to see if it contains a deadline for making deposits.

If so, it must follow that deadline.

In any case, the employer needs to coordinate with its payroll department to make sure that the deposits are made as soon as the employee's salary deferrals can be separated from the general assets of the employer.