Should the employer won't make the deposits timely, the failure could constitute both equally an operational slip-up, offering rise to program disqualification (When the strategy specifies a day by which the employer will have to deposit elective deferrals) in addition to a prohibited transaction. Wage reduction/elective deferral contributions are pre-tax https://bookmarkcolumn.com/story19886829/5-simple-statements-about-deposit-contribution-explained