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What happens if an employer fails to make the required contribution to a Defined Benefit plan on a timely basis?

April 26, 2017benefit contribution defined employer fails happens Plan timely

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What happens if an employer fails to make the required contribution to a Defined Benefit plan on a timely basis?

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10 Posted

If an employer fails to make the required contribution within 81/2 months after the end of the Plan Year, the plan is considered deficient and the employer is subject to a 10% excise tax on the late contributions.&nbsp&nbspTop