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One of the advisors we work with recently called on a 5M plan that just had a fiduciary audit by competing firm that said”everything was fine.” The advisor then asked prospect about the timing of their deposits. “We are getting it in by the 15th of the following month” the prospect said. The advisor went on to explain that current practice didn’t qualify for safe harbor protection. See enclosed article. We routinely see plans that are not sending the deposits in on time. Great way to open new cases. http://www.martindale.com/labor-employment-law/article_Miller-Johnson_956324.htm
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© 2009 401k|SAFE |
Posted on 18:18, April 15th, 2010 by 
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