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What is the deadline for depositing salary deferral contributions?

April 26, 2017contributions Deadline deferral depositing salary

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What is the deadline for depositing salary deferral contributions?

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The Department of Labor (DOL) regulations state that salary deferral contributions are to be made as of the earliest date on which such contributions can reasonably by segregated from the employer’s general assets (CFR 2510.3-102). In general, salary deferral contributions are calculated upon the determination of the participant’s compensation/earned income using the participants’ salary deferral agreement. Please contact your tax or legal advisor with questions specific to how and when your compensation or earned income is determined.