Timely Remittance of Your Employee’s 401(k) Withholdings

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Timely Remittance of Your Employee’s 401(k) Withholdings

When you, as an employer, withhold 401(k) contributions from your employee’s paychecks, you have the requirement to forward these assets to a trust account on a timely basis. In the past, the guidance describing «timely remittance» has been open to some interpretation. The Department of Labor has issued recent guidance that is making the determination much more defined…

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